Income Tax

 

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

Washington Post – Chris Christie says high state taxes drive millionaires away. Here’s why he’s mistaken.