Tuesday, December 13, 2005

States Benefit From Lower State & Local Taxes

Do states with high taxes perform well?
states that lacked an income tax saw stronger economic growth, stronger personal income growth, stronger population growth, and stronger job growth, than states with the highest income tax rates. States without income taxes also, shockingly enough (not!), had less budget problems than the states with the highest income taxes.
You probably understand why New York isn't the future.