RealFeedApp Delaware stands out for license taxes as a legal home for businesses
A graphic breaks down combined state and local tax revenue across all 50 states using 2024 government finance data from the U.S. Census Bureau. Property taxes are the largest individual tax category in 25 states, including Florida, Texas, and New York.
- Field
- business and funding
- What they did
- Researchers analyzed 2024 data to show that property taxes are the main revenue source in 25 states (including Florida, Texas, and New York), while Washington relies on nearly half of its funds from sales taxes.
- Why it matters
- This helps understand how different states fund public services by relying on various combinations of taxes, from paychecks and purchases to homes and businesses.
#tax revenue#state finance#property tax#u.s. census bureau
