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12 states that rely the most on income taxes

July 9, 2024
in Accounting
Reading Time: 1 min read
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12 states that rely the most on income taxes
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Enjoy complimentary access to top ideas and insights — selected by our editors.

Local income taxes account for only 5% of total local tax collections across the nation, but in the states that rely on this revenue stream, they’re a vital revenue source.

In the state that most relies on local income tax, for example, it provides more than 36.12% of local tax collections and 19.44% of local general revenue.

Read the complete ranking below on the states that rely the most on local income taxes.

Credit: Source link

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