Analysis of Taxes and Poverty Rates by State Table Outlines 2022 State Property Tax, Sale Taxes, and Poverty Rates by State Further analysis may compare poverty correlations by State from Federal Tax Rates and Deductions. That should include impact of the State and Local Tax (S.A.L.T.) deduction. Further examination may reveal Citizens with lower Property Taxes likely paid greater overall Taxes prior to S.A.L.T. deduction limits. Reduced Federal Tax may have augmented monetary circulation, regardless of State Tax. I was inspired to conduct this analysis because of a conversation. The other person believed that higher taxes actually decreased poverty. I disagree and believe it will continue to cause more poverty. The table below does not consider local tax. Property Tax (Descending) Sales Tax (Descending) Poverty Rate (Ascending) Rank State Rate State Rate State Poverty Rate 1 New Jersey 2.49% California (b) 7.25% New Hampshire 7.30% 2 Illinois 2.27% Indiana 7.00% Utah 8.90% 3 New Hamps...
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