Monday, September 19, 2011

New Hampshire Has Highest Median Income at $66,303 :No State Income Tax, No Sales Tax

24/7 Wall Street reports:
New Hampshire’s status as the wealthiest overall state is the result of extremely low unemployment rate of 5.2% and the fact that it has the lowest poverty rate in the country. Like Massachusetts, the state has few wealthy areas, but it also does not have any major urban areas with high poverty rates. Hillsborough County, the most populous in the state, has a median household income of nearly $65,000. According to Dennis Delay, an economist with the New Hampshire Center for Public Policy Studies, the state benefits from a larger-than-average middle class, the result of businesses generally paying higher wages. New Hampshire also has no regional or state tax on personal income, and no sales tax.

Gee, New Hampshire doesn't run a big state government and they are number 1. Rather infuriating facts for those who believe in egalitarianism.