Tax

Trump Wants To Eliminate Income Taxes: 10 States That Would Benefit the Least

 

Yuri Gripas / Pool via CNP / Shutterstock.com
Yuri Gripas / Pool via CNP / Shutterstock.com

President Donald Trump has continually suggested that he may abolish the federal income tax, replacing its revenues with those generated by the institution of high tariffs upon America’s trade partners — such as China, Canada and Mexico.

While states such as California and Hawaii would greatly benefit from this (as they have high tax rates already), there are other states — that wouldn’t feel the impact of zero federal income taxes nearly as much as others.

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The following 10 states are those what would feel the least impact where it counts — the paychecks of their residents.

©iStock.com
©iStock.com

1. Mississippi

  • Bi-weekly taxed paycheck: $1,347

  • Added % of weekly pay with no federal income tax: 23%

  • Bi-weekly untaxed paycheck: $1,657

2. Louisiana

  • Bi-weekly taxed paycheck: $1,481

  • Added % of weekly pay with no federal income tax: 23.4%

  • Bi-weekly untaxed paycheck: $1,827

ChrisBoswell / Getty Images/iStockphoto
ChrisBoswell / Getty Images/iStockphoto

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3. West Virginia

  • Bi-weekly taxed paycheck: $1,388

  • Added % of weekly pay with no federal income tax: 23.6%

  • Bi-weekly untaxed paycheck: $1,716

Ingo Dörenberg / Getty Images
Ingo Dörenberg / Getty Images

4. Arkansas

  • Bi-weekly taxed paycheck: $1,405

  • Added % of weekly pay with no federal income tax: 23.8%

  • Bi-weekly untaxed paycheck: $1,740

NoDerog / Getty Images
NoDerog / Getty Images

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5. New Mexico

  • Bi-weekly taxed paycheck: $1,477

  • Added % of weekly pay with no federal income tax: 24.2%

  • Bi-weekly untaxed paycheck: $1,835

Jeremy Poland / Getty Images
Jeremy Poland / Getty Imagesz

6. Kentucky

  • Bi-weekly taxed paycheck: $1,491

  • Added % of weekly pay with no federal income tax: 24.4%

  • Bi-weekly untaxed paycheck: $1,855

Davel5957 / Getty Images
Davel5957 / Getty Images

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6. Oklahoma

  • Bi-weekly taxed paycheck: $1,558

  • Added % of weekly pay with no federal income tax: 24.4%

  • Bi-weekly untaxed paycheck: $1,938

DenisTangneyJr / iStock.com
DenisTangneyJr / iStock.com

8. Alabama

  • Bi-weekly taxed paycheck: $1,472

  • Added % of weekly pay with no federal income tax: 24.5%

  • Bi-weekly untaxed paycheck: $1,832

9. Tennessee

  • Bi-weekly taxed paycheck: $1,640

  • Added % of weekly pay with no federal income tax: $25.1%

  • Bi-weekly untaxed paycheck: $2,051

Ingo Dörenberg / iStock.com
Ingo Dörenberg / iStock.com

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10. Wyoming

  • Bi-weekly taxed paycheck: $1,956

  • Added % of weekly pay with no federal income tax: 25.9%

  • Bi-weekly untaxed paycheck: $2,463

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This article was originally appeared on GOBankingRates.com