The Obama Administration yesterday backed down from its plan to tax the earnings on 529 savings accounts, a kind of saving account for higher education under section 529 of the tax code. At Bloomberg, Richard Rubin and...
- Monday Map: Unemployment Insurance Tax Rates
Monday Map: Unemployment Insurance Tax Rates
Today's map shows the lowest and highest marginal unemployment insurance tax rate in each state. These are taxes levied on a portion of a worker's wages, paid (in most cases) by employers (though the actual economic incidence is on both employer and employee.) The wage base varies greatly from state to state; the lowest is $7,000 (in AK, CA, and FL) and the highest is $37,300 (in WA.)
For more on UI taxes, read our latest background paper, "Unemployment Insurance Taxes: Options for Program Design and Insolvent Trust Funds" by Joseph Henchman.
Click on the map to enlarge it.
View previous Monday maps here.
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