Despite not having a state income tax, New Hampshire’s tax code still eats into residents’ pocketbooks.
The state’s interest and dividends tax takes millions from seniors on fixed incomes each year. That’s not all: The tax it collects from businesses discourages investment in New Hampshire, depriving the state of job opportunities for workers.
Eight states already impose no tax of any kind of income. To speed the state’s recovery from the COVID-19 downturn, it’s time that New Hampshire joins them.