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why are the most heavily taxed states in the union on the verge of bankruptcy? Cali, NY, NJ, Mich, Ill......
Quote from: mortons toe on April 02, 2010, 08:17:40 PMwhy are the most heavily taxed states in the union on the verge of bankruptcy? Cali, NY, NJ, Mich, Ill...... http://en.wikipedia.org/wiki/State_tax_levels_in_the_United_States
I think this is more telling. The 2 most liberal states that also have the highest individual income tax rates have deficits that dwarf all others.http://manyeyes.alphaworks.ibm.com/manyeyes/visualizations/state-budget-deficit-map-2010-esti
Just four states have no budget deficit:Montana, Alaska, North Dakota, and Wyoming.What do these four states have in common?All four states have fewer than 5% of their total population comprised of blacks, as compared to 13% nationally.Yeah, it’s true. Look it up.