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by axaxs 2381 days ago
That's the outlier, though. Most states tend to hover in the 5% range. A few states have 0 income tax, but typically make up for it with property tax. But nowhere close to the Federal tax rate...
1 comments

Most states hover in the 5% revenue compared to what the federal government collects in that state? I strongly disagree.

For example, Utah's tax revenue was $9.9 billion in 2018-2019. Federal was $3.6 trillion. But Utah only has 1% of the US population. So if the rest of the states taxed at the rate Utah does, that would be $990 billion, which is about 1/4 of the Federal take. It's way more than 5%. And Utah is not a high-tax state.

Interesting math. Where does it come from if not income? Corporate taxes? Sales/fuel taxes?
Well, I looked at total revenue. So that will be income tax, sales tax, gasoline tax, property tax (if any of that goes to the state), car registration fees... everything. You can look at individual states and get the breakdown. For Utah, it's primarily income and sales tax.