| Economic Outlook Data |
|
Overall Outlook Rank
|
15th
|
17th
|
|
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
|
$8.80
|
|
Property Tax Burden
(per $1,000 of personal income)
|
$26.76
|
$29.06
|
|
Sales Tax Burden
(per $1,000 of personal income)
|
$30.57
|
$25.42
|
|
Remaining Tax Burden
(per $1,000 of personal income)
|
$17.95
|
$13.14
|
|
Estate / Inheritance Tax Levied?
|
No
|
No
|
|
Recently Legislated Tax Changes
|
-$0.27
|
-$5.42
|
|
Debt Service as a Share of Tax Revenue
|
4.37%
|
7.48%
|
|
Public Employees Per 10,000 of Population
(full-time equivalent)
|
399.1
|
542.2
|
|
State Liability System Costs
(as a share of state GDP)
|
3.35%
|
1.92%
|
|
State Minimum Wage
(federal floor is $7.25)
|
$13.00
|
$14.81
|
|
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
|
6
|
| State Gross Domestic Product |
95.30%
|
81.84%
|
| Absolute Domestic Migration |
1,915,694
|
302,420
|
| Non-Farm Payroll Employment |
28.27%
|
22.76%
|
|
Florida Profile
|
Colorado Profile
|
