“America’s state governments now run on two very different tax engines: income in many coastal and professional-class states, and consumption in much of the Sun Belt and low-tax-growth belt,” Axios reports.
“States are not just competing over tax rates. They’ve built systems around which parts of the economy to tax — and which residents feel it most.”
”States marketing themselves as low-tax havens often still collect heavily through shopping, gas, insurance, tourism and other transactions — while many blue and purple states rely more on wages, capital gains and corporate profits.”
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