How do some states (TN, FL, etc) get by with having no income tax? Why can’t every state get rid of it?
In: Economics
Every state has different budget needs. There’s mandatory spending like food stamps, wic, housing, etc. And discretionary spending like education, roads, etc etc.
If they have no income tax then they either don’t need the income or they offset it in other ways. Like Texas has no income tax but has high property tax.
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