Quote:
Originally Posted by Captain Nemo
Being a little more well to do, a national sales tax wouldn't really bother me, but I do feel it would shift a tremendous burden to the lower income class.
Also, for the record here are the states with no sales tax: Alaska, Delaware and Oregon.
And for the states with no income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming.
|
I live in Oregon, no sales tax, but a very prohibitive income tax. Up to 9% on all income, including capital gains.
Best tax planning there is around is to hop the river to Vancouver before unloading massive amounts of capital gains, like selling stock in a business.