February 29, 2016

Facts & Figures 2016: How Does Your State Compare?

How do taxes in your state compare nationally? This convenient resource compares the 50 states on many different measures of taxing and spending, including individual and corporate income tax rates, business tax climates, excise taxes, tax burdens and state spending.

Now, for the first time ever, download Facts & Figures for your iPhone, iPad, or Android device:

Errata: The previous edition of Facts & Figures included incorrect data on Table 3 for Unemployment Insurance rankings. This has been corrected.

A tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.

An excise tax is a tax imposed on a specific good or activity. Excise taxes are commonly levied on cigarettes, alcoholic beverages, soda, gasoline, insurance premiums, amusement activities, and betting, and typically make up a relatively small and volatile portion of state and local and, to a lesser extent, federal tax collections.