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You can move to a state with no income tax. But they tend to make it up in other ways. Having a lot of businesses in your community actually decreases your ta
by sjg007 6y ago
You can move to a state with no income tax. But they tend to make it up in other ways. Having a lot of businesses in your community actually decreases your taxes because they can be charged more.
- warkdarrior 6y agoBingo! No income tax means governing bodies will make up revenue by taxing commerce/sales and property.
- kelnos 6y agoI'm actually curious about the effects of this. Sales and property taxes are nearly always implemented in a regressive manner. Do areas with no income tax but higher sales/property taxes end up having more poor people who are disproportionately hurt by this (as compared to places with income taxes and lower sales/property taxes)? I don't recall ever seeing any research done on this.