Source: FiveThirtyEight
Where Your State Gets Its Money
April 19, 2015 4:00pm by Barry Ritholtz
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers Please see disclosures here: https://ritholtzwealth.com/blog-disclosures/
Texas politicians act as if tax on oil and gas constitutes 99% of all state income, when in reality funds from the Federal Government provide the greatest amount of income to the state – imagine that !
Last week the Texas Legislature passed HB40 which takes control of fracking away from local municipalities and gives it to big bad brother (the Great State of Texas), which couldn’t be happier if they fracked every square foot of Texas without any meaningful pollution controls.
It’s ironic that the politicians who complain so bitterly about excessive regulations from the national government now see fit to cram their minimalistic ‘pseudo-regulations’ down the throats of cities all over Texas, who have enacted their own meaningful fracking restrictions to protect themselves from the fracking industry. But, hey, if you’re a Texas politician, you’ve got to dance to the tune of your campaign donors no matter how unscrupulous you become.
A chance to plug Clark County, WA!!!!!
Live in Vancouver, WA, and pay no state income tax. Drive across the Columbia River to Oregon and pay no sales tax. Makes one’s retirement dollars go much further!!!!!
Thanks for this (the info).
WAPO had a encyclopedia of charts covering State Tax. My favorite to suggest – Mix of Federal Benefits shows the amount an type enriching the states.
http://www.washingtonpost.com/blogs/govbeat/wp/2015/04/15/the-varied-and-sometimes-unfair-state-of-state-taxes-in-13-maps-and-charts/