Property News · September 17, 2014

Want to live in a state with no income tax? Make sure you're super rich first


New surveys and studies of inequality show that state tax rates can influence how the poor and rich spend moneyUS poverty rate stagnant, census report showsWidening US gap between rich and poor is unsustainableIt may sound like a dream to live in the seven US states that have no income taxes: every dollar that doesn’t go to the tax man stays in your bank account, right? Not quite. Taxes reinforce inequality, as it turns out. States with no income tax end up taxing the poor far more heavily than other classes. Continue reading…

Source : theguardian.com
Read more…Want to live in a state with no income tax? Make sure you’re super rich first

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