So some have argued that if you get rid of a state’s income tax, that state will perform better economically. This argument has been going on for a while, but this report in AccountingToday by Michael Cohn says this may be flawed thinking:
http://www.accountingtoday.com/debits_credits/States-High-Income-Taxes-Outperform-States-No-Income-Tax-65927-1.html
Maybe it means that each state’s economy is different and taxes are not the only criteria.
Remember, for financial, accounting and tax musings,
You can count on us to count for you!
email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com 