Last August, I shared a fascinating map from the Tax Foundation.
It showed which states have chased away taxable income and which ones have attracted more taxpayers (along with their taxable income).
In other words, what are the “Golden Geese” doing with their money?
Well, the obvious and unsurprising answer is that they are escaping high-tax states and moving to states that aren’t quite so greedy.
Now we have another map from the Tax Foundation. They’ve just released the latest data on state and local tax burdens as a share of state income. Because of lags in data, we’re looking at 2011 numbers, but that’s not important. The main thing is to notice that the states with the highest tax burdens are very much correlated with the states that suffered the great loss of taxable income.
You can tell a few additional things just by looking at the map, most notably that the high-tax states are largely along the Pacific coast, in the upper Midwest, and much of the Northeast.
The rest of the nation seems more reasonable.
If you specifically want to know the best and worst states, I’ve put together a list. But I’ve reversed the order. The state with the lowest tax burden is #1 while the state with the greediest politicians is #50.
A couple of observations on the data.
First, it helps to have no state income tax. The top four states, and seven out of the top 10, avoid that punitive levy.
In Other News: Verizon Releases Statement on FCC’s “1930’s Era Regulations” in Morse Code | Michael Schaus
In Other News: Wasserman-Schultz Planned Attack on "Sexist" Obama for Considering New DNC Chair | Michael Schaus