TEXAS HAS the sixth-lowest . . .
. . . tax burden among the states.
So sayeth the Tax Foundation, based on data from 2009.
The highest taxes are paid by (1) New Jersey, (2) New York, (3) Connecticut, (4) Wisconsin, (5) Rhode Island, (6) California, (7) Minnesota, (8) Vermont, (9) Maine, and (10) Pennsylvania.
Lowest are (1) Alaska, (2) Nevada, (3) South Dakota, (4) Tennessee, (5) Wyoming, (6) Texas, (7) New Hampshire, (8) South Carolina, (9) Louisiana, and (10) New Mexico.
Two questions:
Where will Wisconsin and Minnesota rank after recent changes to their tax laws wash through the system?
And to which cohort do you think our local newspaper editorial board would prefer that Texas belong?
(Charles B. Stockdate and others, "States Where People Pay the Most (and Least) in Taxes," 24/7 Wall Street (Yahoo Finance), July 21, 2011)
For details, go to Table 3 in _____, "2011 Facts & Figures," Tax Foundation, _____, 2011. It reports state and local tax burdens as a percentage of state income for fiscal 2009. On some other indices in the report, Texas ranks lower.
The high-tax states all supported Barack Obama in the last presidential election. The low-tax states broke seven-three in favor of John McCain. The three low-tax Obama states were New Mexico, New Hampshire, and Nevada.
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