NH's tax structure is not very friendly to people with wealth. It is more friendly to people with income. It's actually a very progressive model.
People with expensive or several homes, people with a lot of money in the bank, people with a lot of stocks and bonds, people who smoke and people who eat in restaurants, all pay more taxes than the average person.
People who use all their income to buy food at grocery store and pay their rent, pay less than than average. Sure there are taxes buried in their staples but all of their payments are indirect.
A big down side of this model is that retired people with assets are better off picking a state without high property taxes and without taxes on interest and dividends.
An up side of this model over income tax is visibilty, income tax comes out before you see it. If it goes up a little every year you don't notice, and before long the goverment has grown out of control. With property tax everytime the taxes go up you really notice.
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