| Economic Outlook Data |
|
Overall Outlook Rank
|
16th
|
26th
|
|
Top Marginal Personal Income Tax Rate
|
6.65%
|
6.00%
|
|
Top Marginal Corporate Income Tax Rate
|
8.00%
|
3.64%
|
|
Personal Income Tax Progressivity
(change in tax liability per $1,000 of income)
|
$3.17
|
$12.79
|
|
Property Tax Burden
(per $1,000 of personal income)
|
$29.99
|
$27.89
|
|
Sales Tax Burden
(per $1,000 of personal income)
|
$20.12
|
$22.56
|
|
Remaining Tax Burden
(per $1,000 of personal income)
|
$14.30
|
$16.42
|
|
Estate / Inheritance Tax Levied?
|
No
|
No
|
|
Recently Legislated Tax Changes
|
-$3.60
|
-$2.05
|
|
Debt Service as a Share of Tax Revenue
|
6.15%
|
5.96%
|
|
Public Employees Per 10,000 of Population
(full-time equivalent)
|
426
|
489.1
|
|
State Liability System Survey
(tort litigation treatment, judicial impartiality, etc.)
|
68.8
|
67.7
|
|
State Minimum Wage
(federal floor is $7.25)
|
$10.33
|
$10.45
|
|
Average Workers’ Compensation Costs
(per $100 of payroll)
|
$1.00
|
$0.77
|
|
Right-to-Work State?
(option to join or support a union)
|
No
|
No
|
|
Tax Expenditure Limits
|
2
|
1
|
| Economic Performance Data |
| Overall Performance Rank |
31
|
33
|
| State Gross Domestic Product |
46.84%
|
50.74%
|
| Absolute Domestic Migration |
-242,810
|
-189,265
|
| Non-Farm Payroll Employment |
7.72%
|
6.07%
|
|
Michigan Profile
|
Ohio Profile
|
