The Tax Foundation in Washington does some great work on fiscal issues, but I also admire their use of maps when they want to show how various states perform on key indicators.
They’re best known for “Tax Freedom Day,” which measures how long people have to work each year before they’ve earned enough to satisfy the tax demands of federal, state, and local government. Andthey have a map so you can easily see how your state ranks.
But my favorite map from the Tax Foundation is the one showing that the geese with the golden eggs are moving from high-tax states to low-tax states. That’s tax competition in action!
I also like their map showing which states have done the best and worst jobs of controlling the burden of government spending, as well as their map showingwhich states steal the biggest share of economic output from taxpayers.
So it should go without saying that I’m going to share their new State Business Tax Climate Index. And the accompanying map.
What are some important takeaways from this ranking? Five things caught my eye.