12 states that rely the most on income taxes

9 de July de 2024by Larson Accounting

Local income taxes account for only 5% of total local tax collections across the nation, but in the states that rely on this revenue stream, they’re a vital revenue source.

In the state that most relies on local income tax, for example, it provides more than 36.12% of local tax collections and 19.44% of local general revenue.

Read the complete ranking below on the states that rely the most on local income taxes.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: Accounting Today

Larson Accounting