| Flat Tax by Country | Flat Tax by State |
| Individual Income Tax | Corporate Income Tax |
43 states levy individual income taxes:
- 41 tax wage and salary income, while 2 states (New Hampshire and Tennessee) exclusively tax dividend and investment income.
- 7 states levy no individual income tax at all, while 6 states levy no corporate income tax at all.
- Texas has no individual income tax or corporate income tax
Example: Alaska has no sales, property or income tax and is considering comprehensive tax reform to offset the low oil prices. It is worth analyzing whether Texas will need to implement a state income tax to offset current or future low oil prices.
Gov. Walker proposes to fix budget deficit with income tax, PFD cut
Shifting from Income to Sales Taxes Won’t Boost State Economies
The Joys of No Income Tax, the Agonies of Other Kinds
Texas Monthly – For an Income Tax
USA Today – These 7 states have no income tax
Local Income Taxes: City- and County-Level Income and Wage Taxes Continue to Wane
Ballotpedia – Georgia Income Tax Rate Cap, Amendment A (2014)
ILSR – Closing State Corporate Tax Loopholes: Combined Reporting
