| Economic Outlook Data |
|
Overall Outlook Rank
|
10th
|
29th
|
|
Top Marginal Personal Income Tax Rate
|
0.00%
|
4.40%
|
|
Top Marginal Corporate Income Tax Rate
|
5.50%
|
4.40%
|
|
Personal Income Tax Progressivity
(change in tax liability per $1,000 of income)
|
$0.00
|
$9.45
|
|
Property Tax Burden
(per $1,000 of personal income)
|
$26.23
|
$28.29
|
|
Sales Tax Burden
(per $1,000 of personal income)
|
$29.41
|
$25.57
|
|
Remaining Tax Burden
(per $1,000 of personal income)
|
$16.15
|
$11.75
|
|
Estate / Inheritance Tax Levied?
|
No
|
No
|
|
Recently Legislated Tax Changes
|
-$1.07
|
-$3.80
|
|
Debt Service as a Share of Tax Revenue
|
3.03%
|
7.33%
|
|
Public Employees Per 10,000 of Population
(full-time equivalent)
|
395.93
|
553.05
|
|
State Liability System Costs
(as a share of state GDP)
|
3.35%
|
1.92%
|
|
State Minimum Wage
(federal floor is $7.25)
|
$14.00
|
$15.16
|
|
Average Workers' Compensation Costs
(per $100 of payroll)
|
$1.00
|
$1.05
|
|
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
|
10
|
| State Gross Domestic Product |
98.30%
|
78.94%
|
| Absolute Domestic Migration |
1,713,836
|
249,261
|
| Non-Farm Payroll Employment |
24.49%
|
18.52%
|
|
Florida Profile
|
Colorado Profile
|
