In the US, revenue tax charges fluctuate significantly from state to state. Axios’ Alex Fitzpatrick examines state revenue tax charges in an article printed on March 29, explaining why states with no revenue tax in any respect may very well be working into some main issues sooner or later.
Drawing on information from the Tax Basis, Fitzpatrick notes that state revenue tax charges will be as excessive as 13.3 p.c in California, 11 p.c in Hawaii and 10.9 p.c in New York State — whereas the decrease state revenue tax charges embrace 2.5 p.c in Arizona and North Dakota.
Florida and Texas, in the meantime, haven’t any state revenue in any respect — though residents of these GOP-leaning states play loads of different taxes, together with property taxes and gross sales taxes.
READ MORE: ‘Subsequent domino to fall’: Ex-RNC chair predicts MAGA’s voter suppression ‘finish sport’
Fitzpatrick explains, “Some states with low or no particular person revenue tax, like Texas and Florida, are attracting a number of new residents — however might discover themselves in hassle in a world with much less federal monetary help.”
As an instance his level, Fitzpatrick hyperlinks to an article he wrote for Axios earlier in March.
In that piece, Fitzpatrick cited Florida and Texas as examples of states which can be very reliant on federal forward — together with help from the Federal Emergency Administration Company (FEMA) and the U.S. Division of Housing and City Growth (HUD).
Purple states get quite a bit federal tax {dollars} for catastrophe reduction, and southeastern Texas, like Florida, is sort of weak to hurricanes. A variety of federal businesses, together with FEMA and HUD, are being focused for mass layoffs by the Trump Administration and the Division of Authorities Effectivity (DOGE), led by Donald Trump ally and SpaceX/Tesla/X.com chief Elon Musk.
READ MORE: ‘Disappointing and devastating’: Metal producer fires employees and blames Trump tariffs
