One of the key ways of controlling state and local tax burdens, according to this map from the Tax Foundation, is to not have an income tax.
But that’s not too surprising. States have just a couple of ways of generating significant tax revenue, so it stands to reason that states without an income tax would have relatively low tax burdens.
Read more: http://finance.townhall.com/columnists/danieljmitchell/2012/12/16/states-with-no-income-tax-grow-faster-and-create-more-jobs-n1467969?utm_source=thdaily&utm_medium=email&utm_campaign=nl
But that’s not too surprising. States have just a couple of ways of generating significant tax revenue, so it stands to reason that states without an income tax would have relatively low tax burdens.
Read more: http://finance.townhall.com/columnists/danieljmitchell/2012/12/16/states-with-no-income-tax-grow-faster-and-create-more-jobs-n1467969?utm_source=thdaily&utm_medium=email&utm_campaign=nl
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