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Earnings Taxes Per Capita, By State, 2021

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

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