![]() ![]() Of those states taxing wages, eleven have single-rate tax structures, with one rate applying to all taxable income. ![]() Seven states levy no individual income tax at all. New Hampshire exclusively taxes dividend and interest income while Washington only taxes capital gains income. Their prominence in public policy considerations is further enhanced by individuals being actively responsible for filing their income taxes, in contrast to the indirect payment of sales and excise taxes.įorty-three states levy individual income taxes. Individual income taxes are a major source of state government revenue, accounting for 40 percent of state tax collections.
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