Top Rates in Each State Under Joe Biden’s Tax Plan
President Joe Biden’s tax plan would yield combined top marginal state and local rates in excess of 60 percent in three states: California, Hawaii, and New Jersey (also New York City).
4 min readHow does North Dakota’s tax code compare? North Dakota has a graduated state individual income tax, with rates ranging from 1.95 percent to 2.50 percent. North Dakota has a graduated corporate income tax, with rates ranging from 1.41 percent to 4.31 percent. North Dakota also has a 5.00 percent state sales tax rate and an average combined state and local sales tax rate of 7.04 percent. North Dakota has a 0.97 percent effective property tax rate on owner-occupied housing value.
North Dakota does not have an estate tax or inheritance tax. North Dakota has a 23 cents per gallon gas tax rate and a $0.44 cigarette excise tax rate. The State of North Dakota collects $7,007 in state and local tax collections per capita. North Dakota has $12,057 in state and local debt per capita and has a 67 percent funded ratio of public pension plans. Overall, North Dakota’s tax system ranks 17th on our 2024 State Business Tax Climate Index.
Each state’s tax code is a multifaceted system with many moving parts, and North Dakota is no exception. The first step towards understanding North Dakota’s tax code is knowing the basics. How does North Dakota collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, Facts & Figures 2024: How Does Your State Compare?
President Joe Biden’s tax plan would yield combined top marginal state and local rates in excess of 60 percent in three states: California, Hawaii, and New Jersey (also New York City).
4 min readState tax revenue collections were down 5.5 percent in FY 2020, driven by a dismal final quarter (April through June) as states began to feel the impact of the COVID-19 pandemic. While these early losses are certainly not desirable, they are manageable and far better than many feared.
16 min readAlaska and North Dakota collect revenue primarily from oil-related taxes. These states must start thinking about how to plan for an era of reduced oil revenue.
5 min readAnother 1.4 million Americans filed initial regular unemployment benefit claims, the eleventh week of a decline in the rate of new claims, but still among the highest levels in U.S. history. The total number of new and continued claims now stands at 19.3 million, a marked decline from the peak of 24.9 million a month ago.
7 min readOur updated 2020 edition of Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more.
1 min readFrom remote sales tax collection to taxes on marijuana and vaping products, we recap the top state tax trends from 2019 and break down which ones you should watch for in 2020.
38 min readOur updated 2019 edition of Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more.
1 min readOur 2019 State Business Tax Climate Index compares each state on over 100 variables including corporate, individual, property, and sales taxes. How does your state rank?
17 min read