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 taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. nor a statewide sales tax; the small average of 0.26% most likely comes from local sales taxes.
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View previous Monday Maps here.
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