In July, the DC Council approved a major tax reform that cuts income and business taxes, expands the low-income tax credit, and applies sales tax to items exempt by historical accident, all based on the recommendations...
- Monday Map: State and Local Tax Deductions
Monday Map: State and Local Tax Deductions
Today's Monday Map focuses on the deduction of state and local income or sales taxes from federal taxable income. New York State benefits the most from this deduction - its residents deducted an average of 6.16% of their income in state taxes. Alaska benefits least, having neither an income tax nor a statewide sales tax; the small average of 0.26% most likely comes from local sales taxes.
Click on the map to enlarge it.
View previous Monday Maps here.
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