Wednesday, March 06, 2019

Lots of taxes (like GAS TAX) not on this list but a worthy list.-----Where you'll pay the most – and least – on state and local taxes in the US

See the source imageWhere you'll pay the most – and least – on state and local taxes in the US: 
"While all Americans are generally subject to the same federal tax code, each of the 50 states has broad authority to levy its own sales, income and property taxes – or not.
While every state government relies on taxes to operate, no two state tax structures are exactly the same. 
For example, 

  • four states do not charge a sales tax and 
  • seven states do not levy personal income taxes. 
  • ...13 states derive the largest share of their annual tax revenue from sales taxes and 
  • nine from personal income taxes.

The differences are compounded by the amount states need to collect to function. 
While some states collect as little as $2,800 per capita annually, others collect well over $6,000..."

25. Michigan
• Taxes paid as percentage of income: 9.4 percent
• Income per capita: $46,201 (20th lowest)
• Income tax collections per capita: $937 (24th lowest)
• Property tax collections per capita: $1,382 (25th highest)
• General sales tax collections per capita: $922 (25th highest)

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