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Revenue 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 earnings as well as financial investment revenue, while 2 states– New Hampshire as well as Tennessee– tired financial investment earnings however not wage revenue. On standard, state and also neighborhood federal governments accumulated $1,303 per capita in private earnings tax obligations, yet collections differed commonly from state to state. Tennessee ($36) as well as New Hampshire ($78) exhausted financial investment revenue yet not wage earnings, making them the states with the least expensive private earnings tax obligation collections per capita.

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

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