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November 07, 2004

Hey, guess what happens if you correlate this data to the election

Some states feast at the expense of others, according to the Tax Foundation’s latest annual analysis of federal taxing and spending patterns.

All taxpayers know that the federal government uses tax and spending policy to redistribute income from citizens with high incomes to those who make little, but citizens are less aware about geographically based income redistribution. Tax Foundation Senior Economist Scott Moody compares the federal tax burden in each state with Census Bureau data (2003) on federal spending in each state. The result is a ranking of which states got the best deal in 2003 from Uncle Sam’s tax and spending policies.

Here are some hints:

New York: $0.80 in federal expenditures per dollar of taxes.

New Jersey: $0.57 in federal expenditures per dollar of taxes.

California: $0.78 in federal expenditures per dollar of taxes.

Massachusetts: $0.78 in federal expenditures per dollar of taxes.

Guess where the money is going...

Link: Federal Taxing and Spending Benefit Some States, Leave Others Footing the Bill.

November 7, 2004 at 01:33 AM | Permalink

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