In NY State, as an example, in 2012 NY State collected roughly 38 billion in Individual State Income Tax. Sales tax and sales assessments raised just over 29 billion and Property taxes came to just under 30 billion. Sales tax is paid to the state, but a good chunk of it is given to the counties and villages. The counties together get more than half the sales tax revenue returned to them, and hardly any part of the Property Tax bill leaves your local county, much of it goes to schools and local government.
I know I pay several times more in property tax than in NY State Income tax. I collect more in Sales Tax for them than I pay in Income Tax.
Different people will have different results. My Aunt pays over $50,000 a year in Property Tax and almost nothing in Income tax.
I know I pay several times more in property tax than in NY State Income tax. I collect more in Sales Tax for them than I pay in Income Tax.
Different people will have different results. My Aunt pays over $50,000 a year in Property Tax and almost nothing in Income tax.