State Income Tax

RECENT NEWS
Forbes  Jul 8  Comment 
There is only one state that has both legalized recreational marijuana and no broad-based state income tax – Washington. What does that have to do with attracting superstar professional athletes? By the way, the reigning Super Bowl Champions...
Forbes  Dec 6  Comment 
Missouri Rep Paul Curtman (R) wants to index his state’s income tax brackets to inflation. Of all the tax ideas presented this year, this is among the best.
Forbes  Nov 6  Comment 
Yesterday , U.S. Sens. Sherrod Brown (D-OH) and John Thune (R-SD) introduced the Mobile Workforce State Income Tax Simplification Act. The Act would simplify and standardize state income tax collection for employees who travel outside of their...
New York Times  Aug 28  Comment 
A liberal Democrat whose creation of the state income tax proved to be the undoing of his political career.     
MarketWatch  Jul 11  Comment 
Most investors know that withdrawals from traditional IRAs and other tax-deferred retirement plans are generally taxable on the federal level. But they need to know some states don’t tax retirement-account withdrawals at all.
Clusterstock  Jun 6  Comment 
Good news for state budgets: State personal income tax collections grew 17.6 percent in the first quarter of 2013, compared to the same period a year earlier. That's the strongest growth in over six years, according to a new report from the...
MarketWatch  Mar 19  Comment 
Texas boasts warm weather, no state income tax, a cost of living that is lower than the national average and a healthy economy. Take a look at life in Austin, Corpus Christi, San Antonio and Georgetown.
Reuters  Mar 14  Comment 
In a year in which sweeping tax reforms are on the table in several states, Louisiana's Bobby Jindal on Thursday became the first U.S. governor to offer a detailed plan to eliminate his state's income tax, a goal embraced by some conservatives.
Clusterstock  Feb 7  Comment 
Some of the wealthiest Californians are threatening to pack up and leave over a newly adopted federal and state income tax hike. As it stands, the richest residents in the state pay up to 51.9 percent of their income in federal and state taxes...
New York Times  Feb 6  Comment 
California’s top earners are now facing a combined 51.9 percent federal and state income tax — the highest rate in the nation — a cause for grumbling and, maybe, an incentive to move.




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In the U.S. each state has has the authority to tax people who live or work in that state. Unlike the federal tax code which is mostly progressive some states determine taxes owed based on total income, while others charge a flat tax. 7 U.S. states do not levy income taxes.

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