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LINK America’s Three Richest People Are Now Positioned To Pay Zero State Income Tax

If you've used up your allotted free articles on Forbes, you can read this here: [outline.com]

I wonder: how do some states get any revenue, if they don't collect income tax? My state collects income tax and it's broke. (I also know a couple who changed their "official" residence to Florida, and stay there for months at a time, so they could get out of paying income tax, but they still own a house here.)

altschmerz 9 Dec 13
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5 comments

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1

Nevada is in hell, no state income tax because of gambling revenues and public entertainment paying the state bills. Before 2020 anyway.

3

Trillionaire and Billionaire Freeloaders..what are they good for? Absolutely Nothing, except sucking more revenue out the economy..

Charlene Level 9 Dec 13, 2020

I completely agree!

1

Same as it ever was...

Canndue Level 7 Dec 13, 2020
2

Low taxes = low services.

glennlab Level 9 Dec 13, 2020

Who would want to live in a state with low services?

@altschmerz Apparently 52% of Texans are OK with it. Schools are under funded, from pre K to PHD level. Cities are underfunded, roads are falling apart, There is a huge element of racism involved as well as a "I got mine, now I'm closing the door on you" attitude.

@glennlab this attitude is a major impediment to any progress whatsoever. No wonder the Senate sucks!

Not necessarily....NH is a shining example of no taxes, yet great roads & schools....friends with a severely autistic child relocated there specifically because of the great help & services NH provided for him

1

Oh oh

bobwjr Level 9 Dec 13, 2020
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