Some Interesting Tax Facts

[Owlet]

Last edited Sat Feb 18, 2012, 04:19 PM - Edit history (1)

"The Tax Foundation released a very interesting booklet earlier this week titled "Facts and Figures: How Does Your State Compare?"

I have linked to a *.pdf of the booklet below.

Here are some of the more interesting pieces of data that were contained in the booklet:

Highest State and Local Tax Burden Per Capital, FY 2009

1. Connecticut, $7,256
50. Mississippi, $2,678

Highest State and Local Tax Burden as a % of State Income, FY 2009

1. New Jersey, 12.2%
50. Alaska, 6.3%

State Revenue Per Capita

1. Alaska, $15,622
50. Nevada, $3,688"

There's a lot more interesting stuff in the .pdf file. Well worth the read. Sure it's 2009 data, but my guess is that the overall rankings haven't changed a whole lot.


www.taxfoundation.org/news/show/2181.html

http://www.davemanuel.com/2012/02/16/some-interesting-tax-facts-and-figures-from-the-tax-foundation/

[mmonk]

1. Since payroll taxes are essentially income taxes on the working class and their employers,

not sure how useful the information is or what it proves if anything. It's all shifting year to year. Regressive taxation and user fees are rising.

[fasttense]

2. I went to your link and they wanted to charge me for a copy of the handbook.

And Dave Manuel (the site's owner) is WRONG. He either can't read or the handbook is not worth the purchase.

Tenn does NOT have a state income tax. Yet the link you provide says it does. I couldn't check the handbook to see if the error was there because they wanted to charge me.

The site does NOT list Tenn as NOT having a state income tax.

This is important because the people of Tenn almost had a revolt when a RepubliCON Governor tried to pass a state income tax. Tenn voted in Democrats after that. Now if only another RepubliCON would try to pass a state income tax.

But we do have an excessively huge sales tax, except on farmers.

[Owlet]

3. If you want the hard copy, yes..Amazon will sell you one

Give a warehouse slave a break (see this month's Mother Jones), save some money and download the free .pdf file at the bottom of this page. The same report is available as an Excel spreadsheet.

www.taxfoundation.org/news/show/2181.html

Dave Manual is simply excerpting what the full report has. The Tennessee figure at his site is probably a combination of individual of corporate and individual income taxes. The full report has a figure of 1% or so total revenues coming form individual income tax. I don't know how to explain this, unless there is some quirk in the Tennessee corporate income tax law that requires sub-S corporations (reported under personal income) as taxable.

Anyway, hope this helps or at least doesn't add to the confusion.

[hfojvt]

4. you should know the Tax Foundation is a rightwing organization

their numbers should be accurate though - I think, although their "tax freedom day" is a crock of bullsh*t.

I might also add. Per capita income

1. Connecticut - $56,001
2. New Jersey - $50,781
3. Mississippi - $31,186
4. Alaska - $44,174

Kinda gives the lie to their whole "lower taxes kead to prosperity."

New Jersey per capita income after taxes is $44,585, still higher than Alaska's per capita income before taxes.