California has the nation's fourth-highest income tax (10.55%) behind Hawaii and Oregon (both with 11%) and New Jersey (10.75%). It also has the sixth highest overall U.S. tax burden, according to the nonpartisan Tax Foundation. In contrast, Texas has the eighth-lowest tax burden and is one of nine states that don't tax earned income. The others: Washington, Florida, Tennessee, New Hampshire, South Dakota, Wyoming, Nevada and Alaska.
~ Karen Hube, "Fleeing the Tax Man," Barron's, September 28, 2009
Showing posts with label tax havens. Show all posts
Showing posts with label tax havens. Show all posts
Sep 28, 2009
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