How do states without income tax get their revenue?
CA and NY have state income taxes to the tune of 9+% along with very high sales and property taxes. How do states like Texas, Florida make up for this revenue shortfall? Both these states have equally dense population(almost).
Public Comments
- Higher taxes on other things.
- The entire state of Florida's economy is based on tourism. So they have whole base of tourists paying sales tax who then don't rely on the state for services. They also have higher taxes on things like utilities, cell phones, alcohol, and businesses. Also the residents of California and New York expect a lot more services from their states than most state's do. The better question would be how does New Hampshire get by without an income tax or a sales tax.
