| Economic Outlook Data |
|
Overall Outlook Rank
|
3rd
|
41st
|
|
Top Marginal Personal Income Tax Rate
|
5.02%
|
9.85%
|
|
Top Marginal Corporate Income Tax Rate
|
4.90%
|
9.80%
|
|
Personal Income Tax Progressivity
(change in tax liability per $1,000 of income)
|
$0.67
|
$21.82
|
|
Property Tax Burden
(per $1,000 of personal income)
|
$22.11
|
$28.60
|
|
Sales Tax Burden
(per $1,000 of personal income)
|
$26.71
|
$20.09
|
|
Remaining Tax Burden
(per $1,000 of personal income)
|
$15.20
|
$19.44
|
|
Estate / Inheritance Tax Levied?
|
No
|
Yes
|
|
Recently Legislated Tax Changes
|
-$0.67
|
-$2.71
|
|
Debt Service as a Share of Tax Revenue
|
3.83%
|
3.78%
|
|
Public Employees Per 10,000 of Population
(full-time equivalent)
|
476.9
|
520.8
|
|
State Liability System Costs
(as a share of state GDP)
|
1.67%
|
1.60%
|
|
State Minimum Wage
(federal floor is $7.25)
|
$7.25
|
$11.13
|
|
Average Workers' Compensation Costs
(per $100 of payroll)
|
$0.86
|
$1.55
|
|
Right-to-Work State?
(option to join or support a union)
|
Yes
|
No
|
|
Tax Expenditure Limits
|
1
|
0
|
| Economic Performance Data |
| Overall Performance Rank |
21
|
30
|
| State Gross Domestic Product |
59.35%
|
54.98%
|
| Absolute Domestic Migration |
1,876
|
-63,036
|
| Non-Farm Payroll Employment |
9.72%
|
7.06%
|
|
Indiana Profile
|
Minnesota Profile
|
