RICH STATES, POOR STATES
The American Legislative Council’s report, RICH STATES, POOR STATES ALEC-Laffer State Economic Competitiveness Index, is now available online. Click here to find out where your state is ranked; click here for the complete report in pdf format.
The 16 variables in the index are:
• Highest marginal personal income tax rate • Highest marginal corporate income tax rate • Progressivity of the personal income tax system • Property tax burden • Sales tax burden • Tax burden from all remaining taxes • Estate tax/Inheritance tax (Yes or No) • Recent Tax Policy Changes 2005-06 • Debt service as share of tax revenue • Public employees per 10,000 residents • Quality of state legal system • State minimum wage • Workers’ Compensation costs • Right-to-work state (Yes or No) • Tax/Expenditure Limit • Education Freedom Index