Weekly Map: State Wine Excise Tax Rates, 2013
This week's map looks at state excise tax rates on wine.
Click on the map to enlarge it.
View previous maps here.
We all know that sinking feeling when you realize how much of your paycheck is being deducted for taxes. And if you live in New York, our greatest sympathies go out to you.
According to a new report by the Tax Foundation, New York collected on average $1,796 per person in state income taxes in 2010, more than any other state in the nation.
Not all states collect income taxes. In fact, residents of nine states -- Texas, Florida, Washington, Tennessee, Alaska, Nevada, South Dakota, Wyoming, and New Hampshire -- do not pay state income taxes at all, according to the IRS.
But before you rush to move to a state with little or no income taxes, remember that higher taxes pay for more services, such as education, infrastructure, and public safety. So having to send your child to a poorly-performing school may hurt your family financially and otherwise in the long run.
In his annual budget briefing, Rhode Island Governor Lincoln Chafee (I) proposed a reduction of the state’s corporate income tax rate from 9 percent to 7 percent over the next three years....
Professor Martin Feldstein of Harvard has called for limiting the tax savings from itemized deductions, tax-exempt municipal bond interest, and the tax-free status of employer-provided health insurance....
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This week's map looks at state excise tax rates on wine.
Click on the map to enlarge it.
View previous maps here.
President Obama just announced at a press conference that he has directed Treasury Secretary Jack Lew to demand the resignation of the Acting IRS Commissioner, Steven Miller. CNN then obtained Miller's resignation letter...
