The latest from the Tax Foundation. Virginia has the highest income tax collections per capita in the Southeast. Could that help explain slower economic growth and reversal in migration patterns?
Map of the Day: State/Local Income Tax Collections
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5 responses to “Map of the Day: State/Local Income Tax Collections”
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Yet the program auto-linked to a 2014 story about how Virginia is only #30 in overall state and local taxes. That map is income tax only. Virginia is heavily — too heavily — dependent on the personal income tax. With the high incomes in Northern Virginia the rest of the state will be slow to change that. Otherwise sure, let’s all move to states with no income tax (and coincidentally warmer weather!)
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I could just be that we have higher per capital incomes than the rest.
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Virginia does have the highest per capita income in the S.E. That’s a likely contributor, but I doubt it’s the whole explanation.
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Each state seems to have a different mix of taxes. Some don’t have income tax and some don’t have sales tax.. and I think one or two don’t have either – which might make an interesting exercise to look into just how they manage to do that!
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This doesn’t tell us much. It would be better to show a comparison of average personal income taxes collected at different income levels – say $25, $50, $75 and $100 K.
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