Top
Blog Sidebar

COMMONWEALTH OF OPPORTUNITY

The Kentucky Opportunity Coalition is founded on the basis of putting people above politics and solutions above spin. The coalition will propose public policy changes and seek their implementation in a non-partisan manner.

Learn more about the Coalition

CONTACT THE COALITION

Access the many ways to connect with the Coalition on our Contact Page

 

THE COALITION IS ALSO ON FACEBOOK AND TWITTER

Friday
31Jul2009

KY's Tax Burden - Another Way to Look at It

DateFriday, July 31, 2009 at 12:08PM

Of our surrounding states, Kentucky places the second highest tax burden upon its citizens.

State and local taxes extract 3.4% of Kentuckian's disposable income. Only Ohio, at 3.7%, comes in higher. Virginia also comes in at 3.4%.

The others: West Virginia - 2.8%; Missouri - 2.8%; Indiana - 2.8%; Illinois 2.1%; and Tennessee - 0.3%.

Yes - you read that right. It caused us to wonder if the formula was correct but we re-ran the numbers. Tennessee's state and local government extracts less than 1% of personal disposable income from its citizens. This may be one big reason why Tennessee's growth in gross state product has blown KY away for the past decade.

AuthorKentucky Opportunity Coalition | CommentPost a Comment |
tagged ,
« CNBC: Top States for Business Survey | Main | Kentucky's Economic Growth: Needs Improvement »

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>