Monday, March 24, 2014

Tax Nightmare States Run by Democrats? : Red States V Blue States

This is not news to anyone that has been paying attention - states that are controlled by progressive socialist liberal democrats are losers. nearly every state that is headed to financial chaos is and has been lead by democrats.

Why then does the population continue to elect and reelect democrats to run their state? Look what happened to Wisconsin after decades of liberal democrats control the state for decades, it had a 3.6 billion dollar debt, as a result of running huge deficits every year. Along can Scott Walker, a Republican and in three years the state is out of debt and running a surplus of more then a billions dollars that is being returned to the taxpayers.

Think of a good reason to vote for democrats and then prepare for failure.

Tax Disparities in Blue States and Red States
Source: Reid Wilson, "Red State Residents Pay Fewer Taxes Than Blue State Residents," Washington Post, March 18, 2014.
March 24, 2014

Residents in blue states are paying a lot more in taxes than are residents in red states, says the Washington Post.  A new study from WalletHub determined average tax bills for the typical American family with a median income in a median home in states across the country.
  • The average family pays $7,000 in state and local taxes each year, but as the figure is just an average, the actual amount paid by families varies significantly.
  • On the California side of Lake Tahoe, the average taxpayer pays nearly three times the amount that his counterpart on the Nevada side pays. And just across the Columbia River, a Portland, Oregon, resident pays twice as much as his Vancouver, Washington, neighbor.
  • The lowest state and local taxes are found in Wyoming, at an average of $2,365 per year. Alaska and Nevada also have taxes less than half the average rate.
  • But in nine states (Iowa, New Jersey, Vermont, Wisconsin, Illinois, Connecticut, Nebraska, California and New York), taxpayers are paying at least 25 percent more than the average state and local tax bill. The typical New Yorker earning $65,596 pays over $9,718 in state and local taxes -- that's 40 percent higher than the national average.
States vary in how much they rely on income versus sales taxes for most of their revenue.
  • Oregon relies on the income tax for 67.7 percent of its revenue, Virginia for 54.7 percent of its revenue and New York for 53.3 percent of its revenue.
  • But the states that rely most on sales tax revenue are Washington (60.8 percent), Florida (59.4 percent), South Dakota (58.6 percent) and Tennessee (55.2 percent).
 

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