does paying taxes on taxes sound fair you cock gobblers
Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming have no income taxes
why not?
how do they make up for it ?
there are 50 states
that is going to be ALOT of angry voters
does paying taxes on taxes sound fair you cock gobblers
Example: California used to be the 5th largest economy in the world......until the democrats took total control.
Truth Detector (11-05-2018)
https://www.fool.com/investing/gener...ncome-tax.aspx
1. Alaska
Alaska is known for its pristine wildlife as well as its oil and gas resources, most notably its North Slope with the famous Prudhoe Bay oil field. Alaska funds itself with royalties from oil and gas production as well as a 9.4% corporate income tax rate. In 2012 oil and gas royalties made up 83% of the state's revenue and oil and gas corporate income taxes made up just under 8% of revenue. The state has no sales tax but local municipalities have varying sales taxes and property taxes. In 2010, per capita property tax was $1,865, and combined with all other taxes, the per capita state and local tax paid was $3,214 according to the Tax Foundation.
2. Florida
Florida is known for its great weather (minus hurricanes), tourism, and snowbirds. Florida funds itself with a 6% sales tax as well as a 5.5% corporate income tax. The sales tax made up 73% of the state's revenue in fiscal year 2011-2012, with the corporate income tax making up 8.3%.
In 2010, per capita property tax was $1,507, and combined with all other taxes, the per capita state and local tax paid was $3,728 according to the Tax Foundation.
Truth Detector (11-05-2018)
3. Nevada
Nevada is obviously best known for gambling and tourism. The state funds itself through a 6.85% sales tax. In the 2011-2012 fiscal year, sales and use taxes made up 71% of the state's revenue. The state has no corporate income tax, which has helped it attract tech companies and start-ups from high-tax California. Many companies take advantage of the lack of a corporate income tax, and Las Vegas in particular is attracting start-ups through the efforts of Zappos' CEO Tony Hsieh's DowntownProject. In 2010, per capita property tax was $1,297, and combined with all other taxes, the per capita state and local tax paid was $3,297 according to the Tax Foundation.
4. South Dakota
South Dakota is known for Mt. Rushmore, Badlands National Park, and Wall Drug. (Have you dug Wall Drug?) The state funds itself through a 4% sales and use tax, a $0.22-per-gallon gas tax, and fees on vehicles, but has no corporate income tax. In fiscal year 2012 the sales and use tax made up 65% of the state's revenue, motor fuel tax made up 8%, and car titles and registration fees made up another 8%. In 2010, per capita property tax was $1,142, and combined with all other taxes, the per capita state and local tax paid was $3,035 according to the Tax Foundation.
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