| Economic Outlook Data |
|
Overall Outlook Rank
|
47th
|
13th
|
|
Top Marginal Personal Income Tax Rate
|
14.60%
|
0.00%
|
|
Top Marginal Corporate Income Tax Rate
|
10.35%
|
2.50%
|
|
Personal Income Tax Progressivity
(change in tax liability per $1,000 of income)
|
$42.65
|
$0.00
|
|
Property Tax Burden
(per $1,000 of personal income)
|
$29.70
|
$35.44
|
|
Sales Tax Burden
(per $1,000 of personal income)
|
$24.27
|
$29.40
|
|
Remaining Tax Burden
(per $1,000 of personal income)
|
$18.20
|
$14.02
|
|
Estate / Inheritance Tax Levied?
|
No
|
No
|
|
Recently Legislated Tax Changes
|
$2.76
|
-$0.04
|
|
Debt Service as a Share of Tax Revenue
|
4.63%
|
5.89%
|
|
Public Employees Per 10,000 of Population
(full-time equivalent)
|
506.22
|
512.71
|
|
State Liability System Costs
(as a share of state GDP)
|
1.99%
|
2.01%
|
|
State Minimum Wage
(federal floor is $7.25)
|
$16.90
|
$7.25
|
|
Average Workers' Compensation Costs
(per $100 of payroll)
|
$1.86
|
$0.78
|
|
Right-to-Work State?
(option to join or support a union)
|
No
|
Yes
|
|
Tax Expenditure Limits
|
2
|
2
|
| Economic Performance Data |
| Overall Performance Rank |
25
|
7
|
| State Gross Domestic Product |
75.18%
|
70.17%
|
| Absolute Domestic Migration |
-2,171,941
|
1,329,453
|
| Non-Farm Payroll Employment |
13.27%
|
19.93%
|
|
California Profile
|
Texas Profile
|
