Via the Washington Post we get a map that shows which states have the highest and lowest marginal income tax rates in the nation. California has the highest marginal income tax rate (13.3%), while Alaska, Florida, Nevada, South Dakota, Texas and Washington have no income tax.
For the record, the marginal tax rate is what you're supposed to pay. The effective tax rate is what you actually pay after the lawyers, accountants, and write-offs are factored into the equation.
- Mark
For the record, the marginal tax rate is what you're supposed to pay. The effective tax rate is what you actually pay after the lawyers, accountants, and write-offs are factored into the equation.
- Mark
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