state income tax
Florida, which also has no state income tax, provides the other side of Norquist's bracket -- the University of Florida and
The report, from the Institute on Taxation and Economic Policy, found that between 2002 and 2011, the economies of the nine
Back when people from my parents' generation were first planning their lives together, most married couples looked forward to working hard for a few decades, raising a family and then retiring together while they still had enough money and energy to travel.
A similar plan is being pushed by Republicans in North Carolina. Kansas, which cut its income tax significantly last year
Over the past decade, household incomes fell by a much higher percentage in the low-tax states than the high-tax ones -- so
But before you rush to move to a state with little or no income taxes, remember that higher taxes pay for more services, such
Facebook's recent decision to go public may be a boon for the company in more ways than one. That's projected to bring in
Much of the benefit would flow to large corporations and to investment funds. The small-business employers that the governor claims to be targeting generate only 28 percent of all pass-through income.
In 1986, about 24 percent of corporations were what's known as nontaxable businesses -- meaning the companies themselves
It's a bit complicated, because most of Illinois's neighbors have progressive taxes -- like the federal income tax, they