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Earnings Taxes Per Capita, By State, 2021

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

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