Menu

Earnings Taxes Per Capita, By State, 2021

As of that year, 41 states as well as the District of Columbia imposed broad-based tax obligations on wage revenue and also financial investment earnings, while 2 states– New Hampshire as well as Tennessee– strained financial investment revenue yet not wage revenue. On standard, state and also regional federal governments accumulated $1,303 per capita in private revenue tax obligations, yet collections differed commonly from state to state. Tennessee ($36) as well as New Hampshire ($78) strained financial investment revenue however not wage earnings, making them the states with the least expensive private revenue tax obligation collections per capita.

As of that year, 41 states as well as the District of Columbia imposed broad-based tax obligations on wage earnings and also financial investment revenue, while 2 states– New Hampshire and also Tennessee– exhausted financial investment revenue however not wage revenue. Tennessee’s tax obligation on financial investment earnings– understood as the “Hall tax obligation”– was completely reversed as of January 2021. On standard, state as well as neighborhood federal governments gathered $1,303 per capita in specific revenue tax obligations, however collections differed extensively from state to state. Tennessee ($36) as well as New Hampshire ($78) tired financial investment earnings however not wage revenue, making them the states with the cheapest specific earnings tax obligation collections per capita. The Tax Foundation functions difficult to supply informative tax obligation plan evaluation.

Leave a Reply

Your email address will not be published. Required fields are marked *