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Old 06-08-2017, 02:12 AM
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eschereal is online now
Join Date: Aug 2012
Location: Frogstar World B
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The state of Washington, by contrast, has 0.0% income tax (like 6 other states, including Texas), but the sales tax is fairly high (but exempting most food). However, like Colorado, Washington imposes a specific tax burden on businesses (not to mention the buckets of revenue generated from legal marijuana sales). Brownback's tax cuts greatly reduced the state's revenue drawn from businesses. That appears to be a key difference in the tax structure between these states: the states that tax businesses more seem to do better. There are, of course, other differences. It is a complex picture.