| Economic Outlook Data |
|
Overall Outlook Rank
|
14th
|
17th
|
|
Top Marginal Personal Income Tax Rate
|
0.00%
|
4.40%
|
|
Top Marginal Corporate Income Tax Rate
|
5.50%
|
4.55%
|
|
Personal Income Tax Progressivity
(change in tax liability per $1,000 of income)
|
$0.00
|
$8.57
|
|
Property Tax Burden
(per $1,000 of personal income)
|
$27.14
|
$30.33
|
|
Sales Tax Burden
(per $1,000 of personal income)
|
$26.00
|
$22.72
|
|
Remaining Tax Burden
(per $1,000 of personal income)
|
$17.46
|
$11.70
|
|
Estate / Inheritance Tax Levied?
|
No
|
No
|
|
Recently Legislated Tax Changes
|
-$0.13
|
-$1.05
|
|
Debt Service as a Share of Tax Revenue
|
4.71%
|
8.13%
|
|
Public Employees Per 10,000 of Population
(full-time equivalent)
|
397.5
|
533.4
|
|
State Liability System Survey
(tort litigation treatment, judicial impartiality, etc.)
|
62.3
|
70.7
|
|
State Minimum Wage
(federal floor is $7.25)
|
$12.00
|
$14.42
|
|
Average Workers’ Compensation Costs
(per $100 of payroll)
|
$1.26
|
$0.93
|
|
Right-to-Work State?
(option to join or support a union)
|
Yes
|
No
|
|
Tax Expenditure Limits
|
2
|
3
|
| Economic Performance Data |
| Overall Performance Rank |
1
|
5
|
| State Gross Domestic Product |
78.42%
|
74.98%
|
| Absolute Domestic Migration |
1,842,265
|
331,704
|
| Non-Farm Payroll Employment |
28.34%
|
23.11%
|
|
Florida Profile
|
Colorado Profile
|
