2006 to 2016 Texas economy grew 36.7% and we have zero income tax!
If you think that Fortune, you are nuts....of course, being part of Time, you are...
States with robust economies feel free to impose higher taxes - states with sputtering economies try to hold taxes down - the rich get richer, the poor get poorer - been that way forever....
Sounds like *they* don't agree with the premise here (CT being one of the highest taxed states in the country).
I originally from CT. Once the richest state in the country and in okay shape even outside Fairfield County when it had no income tax. Now, it is grouped with IL and CA as a basket case, and STILL has no budget.
The few states that have no state income tax do quite well with out it. TN has a $2B Rainy day fund. Despite our RINO SPENDTHRIFT LAME DUCK GOVERNOR. State Constitution makes them balance the budget. http://www.timesfreepress.com/news/business/aroundregion/story/2016/may/27/tennessees-bond-rating-upgraded-highest-level/367961/
The article definitely penned by a Democrat