About 45 years have passed since a U.S. state last eliminated its income tax on wages and salaries. But with recent actions in Mississippi and Kentucky, two states now are on a path to do so, if their economies keep growing.
The push to zero out the income tax is perhaps the most aggressive example of a tax-cutting trend that swept across states as they rebounded from the COVID-19 pandemic with surging revenues and historic surpluses.
But it comes during a time of greater uncertainty for states, as they wait to see whether President Donald Trump’s cost cutting and tariffs lead to a reduction in federal funding for states and a downturn in the overall economy.
Some fiscal analysts also warn the repeal of income taxes could leave states reliant on other levies, such as sales taxes, that disproportionately affect the poor.
Mississippi and Kentucky are just welfare queens who need to pull themselves up by their bootstraps.
More than just them.
Your graph has no labels
Well, from context it should be pretty clear. Sure, you’d need labels if you’re submitting it for a formal paper or something, but for a comment on Lemmy, seems pretty…I don’t know…petty.
This graph can mean anything.
It’s really fuckin cold in blue color States and hot like the devil balls in all red color states?
I think it is a map showing states that take more in federal money than they pay in federal taxes vs states that take more money than they pay back in taxes.