Many people are beginning to wrap their minds around the House Republicans’ proposed destination-based cash-flow tax and what it means for tax reform. Most people are still looking into the tax’s impacts on trade and how...
- “Facts & Figures” for 2013: How Does Your State C...
“Facts & Figures” for 2013: How Does Your State Compare?
New Data for Taxpayers and Lawmakers on Key Tax and Fiscal Issues
Washington, DC, March 18, 2013—Today the Tax Foundation is releasing the 2013 edition of Facts and Figures: How Does Your State Compare?, a pocket-sized guide ranking all fifty states on forty different measures of tax and fiscal policy. Topics include income tax rates, business tax climates, and excise taxes on products like beer, wine, cigarettes, and gasoline. Facts & Figures is edited by Tax Foundation economist Scott Drenkard.
“It’s vital that both lawmakers and taxpayers know where their states stand on key tax and spending measures,” said Drenkard. “States are competing fiercely to attract new jobs and investment, and millions of taxpayers are considering where they might want to move, take a new job, or retire. People need to know where their states stand in relation to the rest of the country.”
Each of the forty measures has its best and worst performers. Most favorably ranked states include Alaska, with the lowest combined state and local tax burden; Wyoming, with the most attractive state business climate; and Tennessee, with the lowest state debt per capita. Least favorably ranked states include California, with the highest marginal income tax rate; Kentucky, with the highest excise tax on wine; and New York, with the highest gasoline tax.
Since 1937, the Tax Foundation has produced and distributed information on government finances at the federal, state, and local levels. In 1941, the first edition of Facts & Figures made its debut, with the goal of presenting “concise and accurate data” to help “meet the challenge presented by the broad problems of public finance.” Over seventy years later, the goal is the same.
The 2013 edition of Facts & Figures: How Does Your State Compare? is available free online. To order printed copies, please contact publications manager Donald Johnson at 202-464-5105 or firstname.lastname@example.org.
The Tax Foundation is a nonpartisan, nonprofit organization that has monitored fiscal policy at the federal, state and local levels since 1937. To schedule an interview, please contact Richard Morrison, the Tax Foundation’s Manager of Communications, at 202-464-5102 or email@example.com.
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