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Facts and Figures - How Does Your State Compare? 2013 Edition

Facts and Figures - How Does Your State Compare? 2013 Edition

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Published by Tax Foundation
State-by-state tax statistics from the Tax Foundation.
State-by-state tax statistics from the Tax Foundation.

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Categories:Types, Research
Published by: Tax Foundation on Mar 18, 2013
Copyright:Attribution Non-commercial

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08/28/2014

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2013
How Does Your state Compare?
Facts Figures
$5
 
In 1941, we introduced our rst edition o 
Facts & Figures 
. “Tere is need or concise and accuratedata,” we wrote. “Facts give a broader perspective,acts dissipate predilections and prejudices…[and] this collection o data is an important stepto meet the challenge presented by the broadproblems o public nance.”
Facts & Figures 2013: How Does Your State Compare? 
builds on these seven decades o tradi-tion. Mailed to every state legislator and governor,this handbook is designed to be a pocket- andpurse-sized guide to state ranks on tax rates, col-lections, burdens, and more.Te tables were compiled by ax Foundation
staf and edited by economist Scott W.
Drenkard. We hope these acts contribute to a healthy publicdebate.
so a. Hod
 Presidentax Foundation© 2013 ax Foundation. All rights reserved.Printed in the United States o America ISBN: 978-0-9887183-2-6
Tx Fti
National Press Building529 14th Street, NW, Suite 420Washington, DC 20045-1000ph. 202.464.6200www.TaxFoundation.org
 
 As a nonpartisan educational organization, the ax Foundation hasearned a reputation or independence and credibility. However, weare not devoid o perspective. All ax Foundation research is guidedby the ollowing principles o sound tax policy, which should serveas touchstones or good tax policy everywhere:
SImplIcITy:
 
 Administrative costs are a loss to society, andcomplicated taxation undermines voluntary compliance by creating incentives to shelter and disguise income.
TranSparency
:
ax legislation should be based on soundlegislative procedures and careul analysis. A good tax system requiresinormed taxpayers who understand how tax assessment, collection,and compliance works. Tere should be open hearings and revenueestimates should be ully explained and replicable.
neuTralITy
:
Te ewer economic decisions that are made or tax reasons, the better. Te primary purpose o taxes is to raise neededrevenue, not to micromanage the economy. Te tax system shouldnot avor certain industries, activities, or products.
STabIlITy
:
 When tax laws are in constant ux, long-range nancialplanning is difcult. Lawmakers should avoid enacting temporary tax laws, including tax holidays and amnesties.
no reTroacTIvITy
:
As a corollary to the principle o stability,taxpayers should rely with condence on the law as it exists whencontracts are signed and transactions made.
broad baSeS and low raTeS
:
As a corollary to the principle o neutrality, lawmakers should avoid enacting targeted deductions,credits and exclusions. I such tax preerences are ew, substantialrevenue can be raised with low tax rates. Broad-based taxes can alsoproduce relatively stable tax revenues rom year to year.Visit
 www.txFondon.o 
or data, research, analysis andcommentary on important tax issues.
 Join Our Networks:
fbook.om/xfondonw.om/xfondon yob.om/xfondonxfondon.o/pod xfondon.o/bb

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