Wednesday, May 22, 2024

COTW: Where the Burden Lies

Oregon does not have a state sales tax, but it does have an income tax and property taxes is some areas like Portland metro that rival New York's.  The map shows the tax burden as a percentage of an average person's income paid to state and local taxes. Several states do not have an income tax including Alaska where the state pays residents a dividend from oil development. New Hampshire has an  interesting set-up where there is no state income tax but a flat 4% tax on unearned income like dividends and interest, which is akin to taxing the rich.