State Comparison

Variables Flag of Florida
Flag of California
Economic Outlook Data
Overall Outlook Rank 15th 47th
Top Marginal Personal Income Tax Rate 0.00% 14.40%
Top Marginal Corporate Income Tax Rate 5.50% 8.84%
Personal Income Tax Progressivity (change in tax liability per $1,000 of income) $0.00 $42.54
Property Tax Burden (per $1,000 of personal income) $26.76 $27.96
Sales Tax Burden (per $1,000 of personal income) $30.57 $24.71
Remaining Tax Burden (per $1,000 of personal income) $17.95 $18.24
Estate / Inheritance Tax Levied? No No
Recently Legislated Tax Changes -$0.27 $2.78
Debt Service as a Share of Tax Revenue 4.37% 4.71%
Public Employees Per 10,000 of Population (full-time equivalent) 399.1 491.6
State Liability System Costs (as a share of state GDP) 3.35% 1.99%
State Minimum Wage (federal floor is $7.25) $13.00 $16.50
Average Workers’ Compensation Costs (per $100 of payroll) $1.26 $2.26
Right-to-Work State? (option to join or support a union) Yes No
Tax Expenditure Limits 2 2
Economic Performance Data
Overall Performance Rank 1 22
State Gross Domestic Product 95.30% 74.08%
Absolute Domestic Migration 1,915,694 -2,133,547
Non-Farm Payroll Employment 28.27% 16.89%
Florida Profile California Profile

    Rich States, Poor States 18th Edition

    The 18th edition of Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index features an evaluation of each independent state and key areas of policy in that state to better…
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