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Alaska has the kickbacks from the oil industry through the Permanent Investment Fund. Part of the profits are distributed to Alaskans every year, so Alaska has a sort of a negative tax based purely upon head count. (This is probably the best example of pure Socialism in the US today. Go figure, listening to Sarah Palin's rants about Socialism!) Florida and Nevada depend upon tourism dollars. They also have sales and property taxes that are on the high side. The others have high sales taxes and typically have very high property taxes. ohio property taxes can easily run as high as 5% of FMV every year in and around the major cities. ohio used to make a lot of money from the oil industry but that market collapsed in the mid 1980s and has never fully recovered. Property tax rates have sky-rocked in ohio since then. Don't forget ohio and NH. Both have high property taxes. ohio property taxes are even higher than ohio property taxes. ohio also makes money by selling alcoholic beverages in state-owned stores. (Another example of Socialism, by the way.)
They make it up through other taxes. Alaska and Texas have traditionally used taxes on oil for the most part. Alaska has in the past actually paid its residents money. Nevada and Florida have gambling and tourism taxes; and their sales tax is a little high too. As for the rest; I would bet on a high sales tax rate. I like the income tax because it tries to put the heavier burden on those that can most afford it. Taxes like sales tax puts the same percentages on everyone. A person with over 2 million of taxable income can afford to pay a much higher percentage than a person with only 2 thousand of taxable income. The 2 million dollar guy is buying a lot of toys whereas the poor guy at 2 thousand is struggling just to meet the basics.
There is one big problem I have with the argument put forth in that opinion piece. The salary caps apply to companies that are receiving OUR money for a bailout. As the lenders, it's fair that WE get some concessions from them for the PRIVILEGE of using OUR money. Now the kicker... since these institutions are receiving bailout money, the taxpayer is essentially subsidizing the operating costs (salary, etc.) of these businesses. As a 'reward' for reducing the operating costs of these 'broke banks', taxpayers across the US should subsidize NYC? So let me get this straight... the 'spread the wealth=socialism" crowd is suddenly ohio with spreading the extra costs and for the rest of the US to spread the wealth to NYC?? That's just too silly and illogical!! Please tell me how this is looking out for the 'average American'??
With other taxes. Residents are going to pay for state government one way or the other.