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George Soros, other ultrarich urge tax on top 0.1% in a letter to 2020 candidates

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A letter signed by nearly 20 of the “richest 1/10 of the richest 1% of Americans” calls for 2020 presidential candidates to create a wealth tax on them and their ultrarich peers.   

The 18 names on the letter published Monday include investor George Soros, filmmaker Abigail Disney, Facebook co-founder Chris Hughes, philanthropist Agnes Gund and real estate developer Robert Bowditch, among other members of the ultrawealthy. A 19th simply signed as “Anonymous.” Many of them have been outspoken before on the issue of wealth taxes.

“America has a moral, ethical and economic responsibility to tax our wealth more,” they write in the letter, which was first reported by The New York Times. “A wealth tax could help address the climate crisis, improve the economy, improve health outcomes, fairly create opportunity, and strengthen our democratic freedoms.”

The letter describes itself as “nonpartisan” and not “an endorsement of any presidential candidate,” though it lists Democratic candidates Elizabeth Warren, Beto O’Rourke and Pete Buttigieg as candidates who have already supported a wealth tax.

It’s about time: Make America’s top tax rates great again

Everyone gets hurt: Tax the wealthiest of the 0.1 percent? Not so fast.

In particular, they cite Warren’s proposed policy – which would tax 75,000 of the wealthiest families in the country at a 2% rate – as a model for a policy that they endorse.

“That a moderate tax on a minuscule number of Americans could raise so much revenue simply reflects historic levels of wealth among America’s richest,” they add.

The letter arrives the same day as a student loan debt proposal announced by Bernie Sanders, which would eradicate $1.6 trillion in debt from 45 million Americans.

Sanders said his plan would be funded by a “Robin Hood Tax” that would impose a 0.5% tax on stock trades, a 0.1% fee on bonds and a 0.005% fee on derivatives. 

Contributing: William Cummings

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  • 24/7 Wall St. analyzed IRS data to calculate average incomes after taxes. Taxes reduced incomes by as much as 33.6%, depending on the state.1 of 51
  • strongAlabamabr /bull; Avg. income after taxes: $36,094 (pre-tax: $42,334)br /bull; Avg. taxes paid as pct. of income: 14.7% (7th lowest)br /bull; Federal income tax collections per capita: $3,036 (6th lowest)br /bull; State and local tax collections per capita: $3,204 (the lowest)br /bull; Largest source of state and local tax collections: Sales tax (30.7% of total)/strong2 of 51
  • strongAlaska/strongbr /strongbull; Avg. income after taxes:/strong $51,683 (pre-tax: $59,687)br /strongbull; Avg. taxes paid as pct. of income:/strong 13.4% (the lowest)br /strongbull; Federal income tax collections per capita:/strong $4,192 (16th lowest)br /strongbull; State and local tax collections per capita:/strong $3,813 (12th lowest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (53.7% of total)3 of 51
  • strongArizona/strongbr /strongbull; Avg. income after taxes:/strong $36,599 (pre-tax: $43,650)br /strongbull; Avg. taxes paid as pct. of income:/strong 16.2% (12th lowest)br /strongbull; Federal income tax collections per capita:/strong $3,488 (11th lowest)br /strongbull; State and local tax collections per capita:/strong $3,563 (7th lowest)br /strongbull; Largest source of state and local tax collections:/strong Sales tax (38.7% of total)4 of 51
  • strongArkansas/strongbr /strongbull; Avg. income after taxes:/strong $32,019 (pre-tax: $42,566)br /strongbull; Avg. taxes paid as pct. of income:/strong 24.8% (7th highest)br /strongbull; Federal income tax collections per capita:/strong $6,593 (16th highest)br /strongbull; State and local tax collections per capita:/strong $3,955 (21st lowest)br /strongbull; Largest source of state and local tax collections:/strong Sales tax (37.5% of total)5 of 51
  • strongCalifornia/strongbr /strongbull; Avg. income after taxes:/strong $50,094 (pre-tax: $62,586)br /strongbull; Avg. taxes paid as pct. of income:/strong 20% (23rd highest)br /strongbull; Federal income tax collections per capita:/strong $6,401 (17th highest)br /strongbull; State and local tax collections per capita:/strong $6,091 (8th highest)br /strongbull; Largest source of state and local tax collections:/strong Income tax (33.8% of total)6 of 51
  • strongColorado/strongbr /strongbull; Avg. income after taxes:/strong $45,883 (pre-tax: $56,846)br /strongbull; Avg. taxes paid as pct. of income:/strong 19.3% (25th lowest)br /strongbull; Federal income tax collections per capita:/strong $6,351 (18th highest)br /strongbull; State and local tax collections per capita:/strong $4,612 (22nd highest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (30.8% of total)7 of 51
  • strongConnecticut/strongbr /strongbull; Avg. income after taxes:/strong $59,272 (pre-tax: $74,561)br /strongbull; Avg. taxes paid as pct. of income:/strong 20.5% (21st highest)br /strongbull; Federal income tax collections per capita:/strong $8,051 (9th highest)br /strongbull; State and local tax collections per capita:/strong $7,239 (2nd highest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (40.5% of total)8 of 51
  • strongDelaware/strongbr /strongbull; Avg. income after taxes:/strong $34,182 (pre-tax: $51,449)br /strongbull; Avg. taxes paid as pct. of income:/strong 33.6% (the highest)br /strongbull; Federal income tax collections per capita:/strong $12,492 (the highest)br /strongbull; State and local tax collections per capita:/strong $4,775 (21st highest)br /strongbull; Largest source of state and local tax collections:/strong Other taxes (49.0% of total)9 of 51
  • strongFlorida/strongbr /strongbull; Avg. income after taxes:/strong $40,715 (pre-tax: $49,417)br /strongbull; Avg. taxes paid as pct. of income:/strong 17.6% (15th lowest)br /strongbull; Federal income tax collections per capita:/strong $5,219 (24th highest)br /strongbull; State and local tax collections per capita:/strong $3,483 (5th lowest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (36.3% of total)10 of 51
  • strongGeorgia/strongbr /strongbull; Avg. income after taxes:/strong $36,950 (pre-tax: $45,745)br /strongbull; Avg. taxes paid as pct. of income:/strong 19.2% (24th lowest)br /strongbull; Federal income tax collections per capita:/strong $5,132 (25th lowest)br /strongbull; State and local tax collections per capita:/strong $3,663 (9th lowest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (31.7% of total)11 of 51
  • strongHawaii/strongbr /strongbull; Avg. income after taxes:/strong $44,729 (pre-tax: $54,565)br /strongbull; Avg. taxes paid as pct. of income:/strong 18.0% (17th lowest)br /strongbull; Federal income tax collections per capita:/strong $3,366 (9th lowest)br /strongbull; State and local tax collections per capita:/strong $6,470 (5th highest)br /strongbull; Largest source of state and local tax collections:/strong Sales tax (37.2% of total)12 of 51
  • strongIdaho/strongbr /strongbull; Avg. income after taxes:/strong $35,940 (pre-tax: $43,155)br /strongbull; Avg. taxes paid as pct. of income:/strong 16.7% (14th lowest)br /strongbull; Federal income tax collections per capita:/strong $3,707 (13th lowest)br /strongbull; State and local tax collections per capita:/strong $3,508 (6th lowest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (26.9% of total)13 of 51
  • strongIllinois/strongbr /strongbull; Avg. income after taxes:/strong $43,654 (pre-tax: $56,933)br /strongbull; Avg. taxes paid as pct. of income:/strong 23.3% (9th highest)br /strongbull; Federal income tax collections per capita:/strong $7,620 (10th highest)br /strongbull; State and local tax collections per capita:/strong $5,658 (11th highest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (37.5% of total)14 of 51
  • strongIndiana/strongbr /strongbull; Avg. income after taxes:/strong $36,927 (pre-tax: $46,646)br /strongbull; Avg. taxes paid as pct. of income:/strong 20.8% (18th highest)br /strongbull; Federal income tax collections per capita:/strong $5,846 (20th highest)br /strongbull; State and local tax collections per capita:/strong $3,873 (15th lowest)br /strongbull; Largest source of state and local tax collections:/strong Sales tax (28.4% of total)15 of 51
  • strongIowa/strongbr /strongbull; Avg. income after taxes:/strong $38,824 (pre-tax: $48,823)br /strongbull; Avg. taxes paid as pct. of income:/strong 20.5% (22nd highest)br /strongbull; Federal income tax collections per capita:/strong $5,116 (23rd lowest)br /strongbull; State and local tax collections per capita:/strong $4,883 (18th highest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (32.4% of total)16 of 51
  • strongKansas/strongbr /strongbull; Avg. income after taxes:/strong $40,532 (pre-tax: $50,155)br /strongbull; Avg. taxes paid as pct. of income:/strong 19.2% (22nd lowest)br /strongbull; Federal income tax collections per capita:/strong $5,131 (24th lowest)br /strongbull; State and local tax collections per capita:/strong $4,492 (25th highest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (33.1% of total17 of 51
  • strongKentucky/strongbr /strongbull; Avg. income after taxes:/strong $32,939 (pre-tax: $41,779)br /strongbull; Avg. taxes paid as pct. of income:/strong 21.2% (16th highest)br /strongbull; Federal income tax collections per capita:/strong $5,019 (18th lowest)br /strongbull; State and local tax collections per capita:/strong $3,821 (14th lowest)br /strongbull; Largest source of state and local tax collections:/strong Income tax (33.3% of total)18 of 51
  • strongLouisiana/strongbr /strongbull; Avg. income after taxes:/strong $35,370 (pre-tax: $45,542)br /strongbull; Avg. taxes paid as pct. of income:/strong 22.3% (13th highest)br /strongbull; Federal income tax collections per capita:/strong $6,278 (19th highest)br /strongbull; State and local tax collections per capita:/strong $3,894 (17th lowest)br /strongbull; Largest source of state and local tax collections:/strong Sales tax (41.0% of total)19 of 51
  • strongMaine/strongbr /strongbull; Avg. income after taxes:/strong $39,520 (pre-tax: $48,241)br /strongbull; Avg. taxes paid as pct. of income:/strong 18.1% (18th lowest)br /strongbull; Federal income tax collections per capita:/strong $3,520 (12th lowest)br /strongbull; State and local tax collections per capita:/strong $5,201 (14th highest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (40.4% of total)20 of 51
  • strongMaryland/strongbr /strongbull; Avg. income after taxes:/strong $48,543 (pre-tax: $62,914)br /strongbull; Avg. taxes paid as pct. of income:/strong 22.8% (10th highest)br /strongbull; Federal income tax collections per capita:/strong $8,324 (6th highest)br /strongbull; State and local tax collections per capita:/strong $6,047 (9th highest)br /strongbull; Largest source of state and local tax collections:/strong Income tax (37.8% of total)21 of 51
  • strongMassachusetts/strongbr /strongbull; Avg. income after taxes:/strong $52,514 (pre-tax: $70,073)br /strongbull; Avg. taxes paid as pct. of income:/strong 25.1% (5th highest)br /strongbull; Federal income tax collections per capita:/strong $11,092 (3rd highest)br /strongbull; State and local tax collections per capita:/strong $6,467 (6th highest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (36.4% of total)22 of 51
  • strongMichigan/strongbr /strongbull; Avg. income after taxes:/strong $38,171 (pre-tax: $47,582)br /strongbull; Avg. taxes paid as pct. of income:/strong 19.8% (24th highest)br /strongbull; Federal income tax collections per capita:/strong $5,337 (23rd highest)br /strongbull; State and local tax collections per capita:/strong $4,075 (23rd lowest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (34.6% of total)23 of 51
  • strongMinnesota/strongbr /strongbull; Avg. income after taxes:/strong $37,846 (pre-tax: $56,374)br /strongbull; Avg. taxes paid as pct. of income:/strong 32.9% (2nd highest)br /strongbull; Federal income tax collections per capita:/strong $12,436 (2nd highest)br /strongbull; State and local tax collections per capita:/strong $6,092 (7th highest)br /strongbull; Largest source of state and local tax collections:/strong Income tax (31.9% of total)24 of 51
  • strongMississippi/strongbr /strongbull; Avg. income after taxes:/strong $32,600 (pre-tax: $37,994)br /strongbull; Avg. taxes paid as pct. of income:/strong 14.2% (3rd lowest)br /strongbull; Federal income tax collections per capita:/strong $1,784 (the lowest)br /strongbull; State and local tax collections per capita:/strong $3,609 (8th lowest)br /strongbull; Largest source of state and local tax collections:/strong Sales tax (30.6% of total)25 of 51
  • strongMissouri/strongbr /strongbull; Avg. income after taxes:/strong $36,151 (pre-tax: $46,635)br /strongbull; Avg. taxes paid as pct. of income:/strong 22.5% (12th highest)br /strongbull; Federal income tax collections per capita:/strong $6,799 (13th highest)br /strongbull; State and local tax collections per capita:/strong $3,685 (10th lowest)br /strongbull; Largest source of state and local tax collections:/strong Income tax (28.6% of total)26 of 51
  • strongMontana/strongbr /strongbull; Avg. income after taxes:/strong $40,208 (pre-tax: $47,120)br /strongbull; Avg. taxes paid as pct. of income:/strong 14.7% (5th lowest)br /strongbull; Federal income tax collections per capita:/strong $3,093 (7th lowest)br /strongbull; State and local tax collections per capita:/strong $3,818 (13th lowest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (39.7% of total)27 of 51
  • strongNebraska/strongbr /strongbull; Avg. income after taxes:/strong $40,364 (pre-tax: $52,110)br /strongbull; Avg. taxes paid as pct. of income:/strong 22.5% (11th highest)br /strongbull; Federal income tax collections per capita:/strong $6,654 (14th highest)br /strongbull; State and local tax collections per capita:/strong $5,092 (15th highest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (37.5% of total)28 of 51
  • strongNevada/strongbr /strongbull; Avg. income after taxes:/strong $40,883 (pre-tax: $48,225)br /strongbull; Avg. taxes paid as pct. of income:/strong 15.2% (9th lowest)br /strongbull; Federal income tax collections per capita:/strong $3,036 (5th lowest)br /strongbull; State and local tax collections per capita:/strong $4,306 (24th lowest)br /strongbull; Largest source of state and local tax collections:/strong Sales tax (39.4% of total)29 of 51
  • strongNew Hampshire/strongbr /strongbull; Avg. income after taxes:/strong $51,420 (pre-tax: $61,405)br /strongbull; Avg. taxes paid as pct. of income:/strong 16.3% (13th lowest)br /strongbull; Federal income tax collections per capita:/strong $5,193 (25th highest)br /strongbull; State and local tax collections per capita:/strong $4,791 (19th highest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (64.7% of total)30 of 51
  • strongNew Jersey/strongbr /strongbull; Avg. income after taxes:/strong $51,207 (pre-tax: $67,609)br /strongbull; Avg. taxes paid as pct. of income:/strong 24.3% (8th highest)br /strongbull; Federal income tax collections per capita:/strong $9,614 (4th highest)br /strongbull; State and local tax collections per capita:/strong $6,788 (3rd highest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (46.6% of total)31 of 51
  • strongNew Mexico/strongbr /strongbull; Avg. income after taxes:/strong $35,155 (pre-tax: $41,198)br /strongbull; Avg. taxes paid as pct. of income:/strong 14.7% (6th lowest)br /strongbull; Federal income tax collections per capita:/strong $2,166 (3rd lowest)br /strongbull; State and local tax collections per capita:/strong $3,877 (16th lowest)br /strongbull; Largest source of state and local tax collections:/strong Sales tax (37.8% of total)32 of 51
  • strongNew York/strongbr /strongbull; Avg. income after taxes:/strong $51,307 (pre-tax: $68,667)br /strongbull; Avg. taxes paid as pct. of income:/strong 25.3% (4th highest)br /strongbull; Federal income tax collections per capita:/strong $8,314 (7th highest)br /strongbull; State and local tax collections per capita:/strong $9,045 (the highest)br /strongbull; Largest source of state and local tax collections:/strong Income tax (32.7% of total)33 of 51
  • strongNorth Carolina/strongbr /strongbull; Avg. income after taxes:/strong $36,847 (pre-tax: $45,834)br /strongbull; Avg. taxes paid as pct. of income:/strong 19.6% (25th highest)br /strongbull; Federal income tax collections per capita:/strong $5,068 (21st lowest)br /strongbull; State and local tax collections per capita:/strong $3,919 (19th lowest)br /strongbull; Largest source of state and local tax collections:/strong Income tax (30.3% of total)34 of 51
  • strongNorth Dakota/strongbr /strongbull; Avg. income after taxes:/strong $42,622 (pre-tax: $54,306)br /strongbull; Avg. taxes paid as pct. of income:/strong 21.5% (14th highest)br /strongbull; Federal income tax collections per capita:/strong $5,043 (19th lowest)br /strongbull; State and local tax collections per capita:/strong $6,640 (4th highest)br /strongbull; Largest source of state and local tax collections:/strong Other taxes (45.8% of total)35 of 51
  • strongOhio/strongbr /strongbull; Avg. income after taxes:/strong $35,273 (pre-tax: $48,242)br /strongbull; Avg. taxes paid as pct. of income:/strong 26.9% (3rd highest)br /strongbull; Federal income tax collections per capita:/strong $8,500 (5th highest)br /strongbull; State and local tax collections per capita:/strong $4,469 (25th lowest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (28.3% of total)36 of 51
  • strongOklahoma/strongbr /strongbull; Avg. income after taxes:/strong $39,218 (pre-tax: $46,128)br /strongbull; Avg. taxes paid as pct. of income:/strong 15.0% (8th lowest)br /strongbull; Federal income tax collections per capita:/strong $3,457 (10th lowest)br /strongbull; State and local tax collections per capita:/strong $3,453 (4th lowest)br /strongbull; Largest source of state and local tax collections:/strong Sales tax (33.3% of total)37 of 51
  • strongOregon/strongbr /strongbull; Avg. income after taxes:/strong $40,327 (pre-tax: $49,908)br /strongbull; Avg. taxes paid as pct. of income:/strong 19.2% (23rd lowest)br /strongbull; Federal income tax collections per capita:/strong $5,079 (22nd lowest)br /strongbull; State and local tax collections per capita:/strong $4,502 (24th highest)br /strongbull; Largest source of state and local tax collections:/strong Income tax (41.7% of total)38 of 51
  • strongPennsylvania/strongbr /strongbull; Avg. income after taxes:/strong $43,447 (pre-tax: $55,349)br /strongbull; Avg. taxes paid as pct. of income:/strong 21.5% (15th highest)br /strongbull; Federal income tax collections per capita:/strong $6,843 (12th highest)br /strongbull; State and local tax collections per capita:/strong $5,060 (16th highest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (29.2% of total)39 of 51
  • strongRhode Island/strongbr /strongbull; Avg. income after taxes:/strong $40,902 (pre-tax: $54,523)br /strongbull; Avg. txes paid as pct. of income:/strong 25.0% (6th highest)br /strongbull; Federal income tax collections per capita:/strong $8,057 (8th highest)br /strongbull; State and local tax collections per capita:/strong $5,565 (12th highest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (43.4% of total)40 of 51
  • strongSouth Carolina/strongbr /strongbull; Avg. income after taxes:/strong $36,162 (pre-tax: $42,736)br /strongbull; Avg. taxes paid as pct. of income:/strong 15.4% (10th lowest)br /strongbull; Federal income tax collections per capita:/strong $3,138 (8th lowest)br /strongbull; State and local tax collections per capita:/strong $3,436 (3rd lowest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (33.9% of total)41 of 51
  • strongSouth Dakota/strongbr /strongbull; Avg. income after taxes:/strong $42,100 (pre-tax: $50,141)br /strongbull; Avg. taxes paid as pct. of income:/strong 16.0% (11th lowest)br /strongbull; Federal income tax collections per capita:/strong $4,109 (14th lowest)br /strongbull; State and local tax collections per capita:/strong $3,932 (20th lowest)br /strongbull; Largest source of state and local tax collections:/strong Sales tax (39.6% of total)42 of 51
  • strongTennessee/strongbr /strongbull; Avg. income after taxes:/strong $37,262 (pre-tax: $47,179)br /strongbull; Avg. taxes paid as pct. of income:/strong 21.0% (17th highest)br /strongbull; Federal income tax collections per capita:/strong $6,593 (15th highest)br /strongbull; State and local tax collections per capita:/strong $3,324 (2nd lowest)br /strongbull; Largest source of state and local tax collections:/strong Sales tax (41.5% of total)43 of 51
  • strongTexas/strongbr /strongbull; Avg. income after taxes:/strong $40,082 (pre-tax: $49,161)br /strongbull; Avg. taxes paid as pct. of income:/strong 18.5% (20th lowest)br /strongbull; Federal income tax collections per capita:/strong $5,064 (20th lowest)br /strongbull; State and local tax collections per capita:/strong $4,015 (22nd lowest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (43.8% of total)44 of 51
  • strongUtah/strongbr /strongbull; Avg. income after taxes:/strong $37,248 (pre-tax: $45,340)br /strongbull; Avg. taxes paid as pct. of income:/strong 17.8% (16th lowest)br /strongbull; Federal income tax collections per capita:/strong $4,346 (17th lowest)br /strongbull; State and local tax collections per capita:/strong $3,745 (11th lowest)br /strongbull; Largest source of state and local tax collections:/strong Income tax (29.6% of total)45 of 51
  • strongVermont/strongbr /strongbull; Avg. income after taxes:/strong $43,550 (pre-tax: $53,598)br /strongbull; Avg. taxes paid as pct. of income:/strong 18.7% (21st lowest)br /strongbull; Federal income tax collections per capita:/strong $4,147 (15th lowest)br /strongbull; State and local tax collections per capita:/strong $5,901 (10th highest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (43.9% of total)46 of 51
  • strongVirginia/strongbr /strongbull; Avg. income after taxes:/strong $46,617 (pre-tax: $56,952)br /strongbull; Avg. taxes paid as pct. of income:/strong 18.1% (19th lowest)br /strongbull; Federal income tax collections per capita:/strong $5,773 (21st highest)br /strongbull; State and local tax collections per capita:/strong $4,562 (23rd highest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (33.9% of total)47 of 51
  • strongWashington/strongbr /strongbull; Avg. income after taxes:/strong $48,121 (pre-tax: $60,781)br /strongbull; Avg. taxes paid as pct. of income:/strong 20.8% (19th highest)br /strongbull; Federal income tax collections per capita:/strong $7,620 (11th highest)br /strongbull; State and local tax collections per capita:/strong $5,041 (17th highest)br /strongbull; Largest source of state and local tax collections:/strong Sales tax (46.4% of total)48 of 51
  • strongWest Virginia/strongbr /strongbull; Avg. income after taxes:/strong $34,712 (pre-tax: $40,578)br /strongbull; Avg. taxes paid as pct. of income:/strong 14.5% (4th lowest)br /strongbull; Federal income tax collections per capita:/strong $1,954 (2nd lowest)br /strongbull; State and local tax collections per capita:/strong $3,912 (18th lowest)br /strongbull; Largest source of state and local tax collections:/strong Other taxes (30.4% of total)49 of 51
  • strongWisconsin/strongbr /strongbull; Avg. income after taxes:/strong $40,313 (pre-tax: $50,756)br /strongbull; Avg. taxes paid as pct. of income:/strong 20.6% (20th highest)br /strongbull; Federal income tax collections per capita:/strong $5,661 (22nd highest)br /strongbull; State and local tax collections per capita:/strong $4,782 (20th highest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (34.1% of total)50 of 51
  • strongWyoming/strongbr /strongbull; Avg. income after taxes:/strong $51,584 (pre-tax: $60,095)br /strongbull; Avg. taxes paid as pct. of income:/strong 14.2% (2nd lowest)br /strongbull; Federal income tax collections per capita:/strong $2,960 (4th lowest)br /strongbull; State and local tax collections per capita:/strong $5,550 (13th highest)br /strongbull; Largest source of state and local tax collections:/strong Property tax (43.2% of total)51 of 51

Article source: http://rssfeeds.usatoday.com/~/603466084/0/usatodaycomnation-topstories~George-Soros-other-ultrarich-urge-tax-on-top-in-a-letter-to-candidates/

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