| Economic Outlook Data |
|
Overall Outlook Rank
|
23rd
|
3rd
|
|
Top Marginal Personal Income Tax Rate
|
5.70%
|
5.30%
|
|
Top Marginal Corporate Income Tax Rate
|
7.20%
|
5.30%
|
|
Personal Income Tax Progressivity
(change in tax liability per $1,000 of income)
|
$1.53
|
$12.23
|
|
Property Tax Burden
(per $1,000 of personal income)
|
$20.14
|
$19.59
|
|
Sales Tax Burden
(per $1,000 of personal income)
|
$23.27
|
$27.08
|
|
Remaining Tax Burden
(per $1,000 of personal income)
|
$18.02
|
$11.42
|
|
Estate / Inheritance Tax Levied?
|
Yes
|
No
|
|
Recently Legislated Tax Changes
|
-$2.04
|
-$4.99
|
|
Debt Service as a Share of Tax Revenue
|
3.60%
|
2.02%
|
|
Public Employees Per 10,000 of Population
(full-time equivalent)
|
526.83
|
457.2
|
|
State Liability System Costs
(as a share of state GDP)
|
1.92%
|
1.91%
|
|
State Minimum Wage
(federal floor is $7.25)
|
$7.25
|
$7.25
|
|
Average Workers' Compensation Costs
(per $100 of payroll)
|
$0.76
|
$1.10
|
|
Right-to-Work State?
(option to join or support a union)
|
Yes
|
Yes
|
|
Tax Expenditure Limits
|
0
|
1
|
| Economic Performance Data |
| Overall Performance Rank |
21
|
3
|
| State Gross Domestic Product |
55.59%
|
98.65%
|
| Absolute Domestic Migration |
21,002
|
223,092
|
| Non-Farm Payroll Employment |
7.99%
|
31.82%
|
|
Kentucky Profile
|
Idaho Profile
|
