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LINK America’s Three Richest People Are Now Positioned To Pay Zero State Income Tax
If you've used up your allotted free articles on Forbes, you can read this here: [outline.com]
I wonder: how do some states get any revenue, if they don't collect income tax? My state collects income tax and it's broke. (I also know a couple who changed their "official" residence to Florida, and stay there for months at a time, so they could get out of paying income tax, but they still own a house here.)
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5 comments
Feel free to reply to any comment by clicking the "Reply" button.Nevada is in hell, no state income tax because of gambling revenues and public entertainment paying the state bills. Before 2020 anyway.
Willow_Wisp
Level 8
Dec 13, 2020
0
Low taxes = low services.
glennlab
Level 10
Dec 13, 2020
1
@altschmerz Apparently 52% of Texans are OK with it. Schools are under funded, from pre K to PHD level. Cities are underfunded, roads are falling apart, There is a huge element of racism involved as well as a "I got mine, now I'm closing the door on you" attitude.
Not necessarily....NH is a shining example of no taxes, yet great roads & schools....friends with a severely autistic child relocated there specifically because of the great help & services NH provided for him
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