"Contrary to GOP Rhetoric. Low-Tax States Have Worse Economic Growth"

[applegrove]

Contrary to GOP Rhetoric. Low-Tax States Have Worse Economic Growth

By Pat Garofalo at Think Progress

http://thinkprogress.org/economy/2013/02/28/1654621/low-tax-states-no-growth/

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Here’s the breakdown:


– Four of the nine states without income taxes are actually doing worse than the average state in regards to economic growth per capita: Texas, Tennessee, Florida, and Nevada.

– Five of the nine states without income taxes are doing worse than average in terms of median income growth: New Hampshire, Florida, Tennessee, Alaska, and Nevada.

– Six of the nine states without income taxes had higher than average annual unemployment rates over the last decade: Texas, Florida, Tennessee, Washington, Alaska, and Nevada.

In fact, it was the “high tax” states that did the best in terms of growth, as this chart shows:




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[progree]

1. And here's the chart

[applegrove]

2. Thanks.

[sakabatou]

3. No shit, Sherlock.