A new study of state tax burdens ound that low-tax states outperform the higher tax states in employment, personal income and population.
The report, entitled High Taxes Lower Economic Performance, was conducted by the Maine Heritage Policy Center. It looked at all 50 states and their fiscal years of 1994 to 2004. The Big Picture - Lower Taxes Make the Economy Stronger:: April 06, 2005. Lower Taxes Make the Economy Stronger . But as more United States wealth rises to the top, the middle and lower classes inevitably suffer http://www.bigpicweblog.com/exp/index.php/weblog/comments/lower_taxes_make_the_economy_stronger/HOME | ConservativeHome's Platform: Matthew Elliott:: Poorer families also have a strong interest in tax reform. so it is vital that there is a strong low tax coalition to supplement their attack on Brown. http://conservativehome.blogs.com/platform/matthew_elliott/index.htmlHOME |
The study found that the ten lowest tax states have an average tax burdern of 9.5%. The top ten highest tax states had an average tax burden of 13%.
The low tax states were found to have population growth that was 172.1% higher than the high tax states. Personal income growth was 31.9% higher, while employment growth was 78.6% higher. Punishing low-tax states:: For as long as I can remember, high-tax states have complained about the Should Policymakers Apply a Depression-Era Tax System to the Economy of the http://www.hoboes.com/Mimsy/?ART=13HOME | JSTOR: Canada-United States Free Trade: Concern over Social Programs:: A longer version was presented to the 64th Annual Western Economics . the fact that broad harmonization pressure must have been at least as strong within http://links.jstor.org/sici?sici=0002-9246(199207)51%3A3%3C349%3ACSFTCO%3E2.0.CO%3B2-VHOME |
The report then compared the lowest 25 tax states with the 25 highest. The lowest tax states had an average tax burden of 9.9%. The highest tax states had an average tax burden of 11.5%.
The lowest tax states showed a population growth that was 74.4% higher than that of the higher tax states. Personal income growth was 15% higher, while employment growth was 32.6% higher. Should Ohio Limit Government Spending and Taxes?:: File Format: PDF/Adobe Acrobat - View as HTMLGovernment spending as a share of Ohio’s. economy has increased rapidly since 1980. Ohio left the ranks of low-tax states in 1994 and has been one of http://www.buckeyeinstitute.org/docs/TEL-ExecSummary.pdfHOME |
The author of the study, J. Scott Moody, said that the states with low taxes have greater job creation and wage growth than states, like Maine, with high taxes.
The data reveals that high tax states are missing out on the level job creation and wage growth that low tax states are experiencing, he explained.
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