All your income are belong to us
Notice a trend? From MSN "The best and worst states for taxes" here are the top and bottom five on the list with percentage of total federal, state, and local taxes. Also, if you look at the list, you'll know why I never buy my gas in Connecticut:
1. Connecticut - 35.9%
2. New York - 35.1%
3. New Jersey - 34.3%
4. Washington - 33.7%
5. Minnesota - 33.6%
46. Tennessee - 28.2%
47. Oklahoma - 28.2%
48. Mississippi - 28.0%
49. Alaska - 27.9%
50. Alabama - 27.5%
Surprisingly, Massachusetts just missed the top 5, landing at #6. Hooray?
4 comments:
Notice a trend?
Errr, that the states at the bottom of the list have some of the worst health/school/child/divorce indicators in the nation? Am I getting warm?
I think excluding federal tax rates (which is largely just a function of income) makes for a better state-by-state comparison.
Then Ohio jumps up to #2, which is one reason I didn't take a job there.
as a NYer living in Northern Alabama, the taxes are so low here, it is scary. We have high sales tax -- 8.5% --which is used to fund almost everything. But it seems to work, auto, manufacturing, government, biotech, defense contractors are coming here in droves. My county unemployment rate is 2.5 %, and the per capita income is about $40,000. That is equivalent to $100,000 on Long Island. Alabama has gained population, while those top tax states have all lost population. The thing I noticed here is the amazing number of middle and upper-middle class blacks, as opposed to NY.
"Surprisingly, Massachusetts just missed the top 5, landing at #6. Hooray?"
I'm sure that Brutha Dev-al and the other politicians in the People's Republic will rectify that problem shortly with a spate of new taxes and increases of existing ones.
Post a Comment