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Revenue 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 earnings as well as financial investment earnings, while 2 states– New Hampshire as well as Tennessee– exhausted financial investment earnings yet not wage revenue. On standard, state as well as regional federal governments accumulated $1,303 per capita in specific earnings tax obligations, yet collections differed commonly from state to state. Tennessee ($36) as well as New Hampshire ($78) tired financial investment earnings however 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 earnings and also financial investment revenue, while 2 states– New Hampshire as well as Tennessee– exhausted financial investment earnings however not wage revenue. Tennessee’s tax obligation on financial investment revenue– recognized as the “Hall tax obligation”– was totally rescinded as of January 2021. On standard, state and also regional federal governments gathered $1,303 per capita in specific 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 revenue, making them the states with the least expensive private earnings tax obligation collections per capita. The Tax Foundation functions difficult to give informative tax obligation plan evaluation.

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