News for hackers. Stuff that matters.
Re:The wealthiest 10% of Americans own a record 89% of all U... by jimbob45 on Monday October 18, 2021 @11:55AM (#28906855)
Several states (Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming) don't pay any state tax. I'm sure you could make a statement like "85% of US residents don't pay state tax" that would be true but also be incredibly misleading.
Re:The wealthiest 10% of Americans own a record 89% of all U... by camhart on Monday October 18, 2021 @11:59AM (#28906914)
Just to clarify (I believe this is what you were hinting at), they dont pay any state income tax. If you look at sales/property taxes for those states you can see some of them make up for the lack of income tax.
Re:The wealthiest 10% of Americans own a record 89% of all U... by jimbob45 on Monday October 18, 2021 @12:21PM (#28907222)
Right, yes, the point is that state taxes can get very nuanced which is why I'm guessing they weren't included in the analysis.
Re:The wealthiest 10% of Americans own a record 89% of all U... by wbl on Monday October 18, 2021 @12:22PM (#28907233)
New Hampshire doesn't tax wage income. It does tax unearned income.