Rich States, Poor States


Book Description




How Money Walks - How $2 Trillion Moved Between the States, and Why It Matters


Book Description

Between 1995 and 2010, millions of Americans moved between the states, taking with them over $2 trillion in adjusted gross incomes. Two trillion dollars is equivalent to the GDP of California, the ninth largest in the world. It’s a lot of money. Some states, like Florida, saw tremendous gains ($86.4 billion), while others, like New York, experienced massive losses ($58.6 billion). People moved, and they took their working wealth with them. The question is, why? Why did Americans move so much of their income from state to state? Which states benefitted and which states suffered? And why does it matter? Using official statistics from the IRS, How Money Walks explores the hows, whys, and impact of this massive movement of American working wealth. Consider these facts. Between 1995 and 2010: The nine states with no personal income taxes gained $146.2 billion in working wealth The nine states with the highest personal income tax rates lost $107.4 billion The 10 states with the lowest per capita state-local tax burdens gained $69.9 billion The 10 states with the highest per capita state-local tax burdens lost $139 billion Money—and people—moved from high-tax states to low-tax ones. And the tax that seemed to matter the most? The personal income tax. The states with no income taxes gained the greatest wealth, while the states with the highest income taxes lost the most. Why does this matter? Because the robust presence of working wealth is the leading indicator of economic health. The states that gained working wealth are growing and thriving. The states that lost working wealth lost their most precious cargo—their tax base—and the consequences are dire: stagnation, deterioration, an economic death spiral as they continue to raise taxes and lose people, businesses, and working wealth. The numbers don't lie. ___________________ “When I read How Money Walks, I thought, ‘It’s about time.’ Finally, we have a book that addresses one of our nation’s most critical (yet rarely discussed) fiscal issues: the migration of working wealth as a direct result of personal income tax rates. Brown’s book paints a clear portrait of where money goes and why. How Money Walks should be required reading for anyone who wants to understand why some states struggle to retain people and businesses while others welcome billions of new dollars each year.” Dr. Arthur Laffer Founder and chairman, Laffer Associates and Laffer Investments Former economic advisor to President Ronald Reagan




Tax Fairness


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2018 State Business Tax Climate Index


Book Description

The Tax Foundation's State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states' tax systems compare. While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well states structure their tax systems, and provides a roadmap to improving these structures.




2017 State Business Tax Climate Index


Book Description

The Tax Foundation's State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states' tax systems compare. While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well states structure their tax systems, and provides a roadmap to improving these structures.




Doing Business 2020


Book Description

Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.




Ranking America's Fifty States: A Comparison in Graphic Detail


Book Description

This full-color book provides a compendium of stimulating facts about the states, presented graphically, and covering a wide array of topics including demographic, economic, environmental, health, and crime variables. Hundreds of attributes are compared side-by-side, from life expectancy to murder rates; from fourth-grade math proficiency scores to the number of food stamp recipients, and from illicit drug use to the rate of firearm background checks per state. Through meticulous organization and use of graphic formats, retrieval of specific information the reader may seek has been greatly facilitated. In addition to the graphs comparing the fifty states for each individual metric, a summary table is provided at the beginning of each chapter along with highlights of pertinent data found in the chapter. While we are one, indivisible nation, at the same time Americans are as diverse from state-to-state as many nations are when compared with other nations. For example: in 2010, 95 percent of Vermont residents were white compared with only 24 percent of residents in Hawaii and 1-in-12 New York residents were Jewish compared with less than 1-in-1,000 Arkansas residents. In Texas, 464 prisoners have been executed over the past 35 years while 16 states have not executed any. More interesting facts found in ranking America's Fifty States include: Alaska ranked highest or lowest in 31 metrics—more than any other state—followed by Mississippi at 25 and Texas at 20. Alaska is the only state that does not have a state income tax or a state sales tax. It had the highest revenues per capita from taxes levied on businesses for the extraction of oil and gas and receives the highest federal aid per capita. Alaska had the lowest percent of households with annual income below $15,000. Over the past decade, over 100 million firearms background checks have been performed nationally, with the highest rate in Utah and the lowest rate in New Jersey Mississippi had the lowest personal income per capita, median household income, gross domestic product per capita, and lowest male life expectancy rate. Additionally, it had the highest food stamp recipient rate, rate of persons below the poverty level, and infant mortality rate. Florida had the highest rate of identity theft victims in 2010 followed by Arizona, California, and Georgia. Texas had the most extreme environmental metrics including the highest major disaster, storm, and wildfire emergency declarations. Texas also had the highest summer air temperature and carbon dioxide emissions level. In addition to extreme environmental metrics, Texas also had the highest property crime rate and high school dropout rate.




Freedom in the 50 States


Book Description

This study ranks the American states according to how their public policies affect individual freedoms in the economic, social, and personal spheres. Updating, expanding, and improving upon the three previous editions of Freedom in the 50 States, the 2016 edition examines state and local government intervention across a wide range of policy categories -- from tax burdens to court systems, from eminent domain laws to occupational licensing, and from homeschooling regulation to drug policy. Freedom in the 50 States remains the only index that measures both economic and personal freedoms.




The Property Tax, School Funding Dilemma


Book Description

States experiencing taxpayer revolts among homeowners are tempted to reduce reliance on the property tax to fund schools. But a more targeted approach can provide property tax relief and improve state funding for public education. This policy focus report includes a comprehensive review of recent research on both property tax and school funding, and summarizes case studies of seven states-- California, Massachusetts, Michigan, New Hampshire, New Jersey, Ohio and Texas. The majority of these states are heavily reliant on property tax revenues to fund schools. While there is no one-size-fits-all solution, the report recommends addressing property taxes and school funding separately.




2019 State Business Tax Climate Index


Book Description

The Tax Foundation's State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states' tax systems compare. While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well states structure their tax systems, and provides a roadmap to improving these structures.