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| Post Number: 121
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repdan 
justdan
Group: Members
Posts: 649
Joined: Aug. 2003
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Posted on: Oct. 31 2004,11:19 pm |
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In Minnesota the are about 800,000 families making a federal adj income of under $30,000 and fewer than 24,000 making more than $500,000. The first group pays about $115 million in state income tax the 24000 pay almost $1.4 billion. But the first group pays almost 4 times as much in taxes on business that are passed on to them in higher prices and lower wages.
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carpe ductem.....remember we're all in this together..I'm pull'n for you.
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| Post Number: 122
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Nose for News
Group: Members
Posts: 431
Joined: Feb. 2004
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Posted on: Nov. 01 2004,4:12 am |
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Comparing the 50 States' Combined State/Local Tax Burdens in 2003
(posted April 2004, to be revised April 2005)
Each state’s total tax burden (taxes as a percentage of income) is a combination of federal, state, and local taxes. Total tax burdens in each state are shown in the turquoise portion of the table (columns 5, 6 & 7). It can be instructive, however, to strip out the federal tax burden and compare just the tax burdens of states and localities. This is the yellow portion of the table on the left (columns 1, 2 & 3).
Follow each row to see how a state's ranking changes when federal taxes are added back in. Generally, high-income states rise because, with their high costs of living and commensurately higher salaries, they are hit harder by the progressive federal income tax. Low-income states that have high state-local tax burdens fall in the ranking when federal taxes are added in.
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Tax Burdens by State in 2003
(Measuring Taxes as a Percentage of Income)
Combined State and Local
Tax Burdens by Rank
Tax
Burden Rank Tax Burden Rank Adding Federal
U.S. Average 10.1% U.S. Average 28.5%
New York 12.8% 1 New York 32.8% 2 -1
Maine 12.4% 2 Maine 29.6% 7 -5
Hawaii 11.3% 3 Hawaii 27.5% 27 -24
Wisconsin 11.3% 4 Wisconsin 29.0% 11 -7
Rhode Island 11.2% 5 Rhode Island 29.8% 5 0
Ohio 11.2% 6 Ohio 28.0% 22 -16
Utah 10.9% 7 Utah 27.8% 23 -16
Minnesota 10.6% 8 Minnesota 28.9% 12 -4
Vermont 10.6% 9 Vermont 28.4% 16 -7
West Virginia 10.6% 10 West Virginia 26.5% 40 -30
Connecticut 10.5% 11 Connecticut 33.0% 1 10
Idaho 10.3% 12 Idaho 26.7% 35 -23
Nebraska 10.3% 13 Nebraska 26.9% 33 -20
Michigan 10.2% 14 Michigan 28.1% 19 -5
New Jersey 10.2% 15 New Jersey 30.7% 3 12
Indiana 10.2% 16 Indiana 27.4% 28 -12
Arizona 10.1% 17 Arizona 28.1% 18 -1
Washington 10.1% 18 Washington 29.6% 6 12
Georgia 10.1% 19 Georgia 28.0% 20 -1
Kentucky 10.1% 20 Kentucky 26.8% 34 -14
Mississippi 10.1% 21 Mississippi 25.9% 45 -24
Kansas 10.0% 22 Kansas 27.2% 30 -8
Maryland 10.0% 23 Maryland 28.4% 15 8
California 10.0% 24 California 29.1% 10 14
Louisiana 10.0% 25 Louisiana 26.0% 44 -19
Iowa 9.9% 26 Iowa 26.3% 41 -15
Arkansas 9.9% 27 Arkansas 26.5% 39 -12
North Carolina 9.8% 28 North Carolina 27.2% 31 -3
Illinois 9.8% 29 Illinois 28.6% 14 15
North Dakota 9.7% 30 North Dakota 26.1% 42 -12
New Mexico 9.7% 31 New Mexico 28.0% 21 10
Montana 9.7% 32 Montana 26.6% 38 -6
Nevada 9.7% 33 Nevada 29.1% 9 24
Massachusetts 9.6% 34 Massachusetts 30.4% 4 30
Pennsylvania 9.5% 35 Pennsylvania 27.2% 29 6
Virginia 9.5% 36 Virginia 28.2% 17 19
Oregon 9.5% 37 Oregon 27.1% 32 5
Missouri 9.4% 38 Missouri 26.6% 37 1
Oklahoma 9.3% 39 Oklahoma 25.9% 46 -7
Colorado 9.3% 40 Colorado 28.7% 13 27
Alabama 9.1% 41 Alabama 25.7% 49 -8
South Carolina 9.1% 42 South Carolina 25.8% 48 -6
South Dakota 9.1% 43 South Dakota 26.0% 43 0
Wyoming 9.1% 44 Wyoming 29.4% 8 36
Florida 9.0% 45 Florida 27.7% 24 21
Texas 8.9% 46 Texas 27.6% 26 20
Tennessee 8.5% 47 Tennessee 25.8% 47 0
Delaware 8.0% 48 Delaware 26.6% 36 12
New Hampshire 7.7% 49 New Hampshire 27.6% 25 24
Alaska 6.4% 50 Alaska 24.2% 50 0
District of Columbia 12.9% - District of Columbia 32.5% - -
http://www.taxfoundation.org/statelocal03.html
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DISCLAIMER
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Nose for News Is Pleased To Announce That We Have Absolutely No Affiliation Whatsoever With The Albert Lea Tribune Or Its Parent, Boone Publishing.
Like Other Minnesota/Iowa Residents, We Simply Endure Them.
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