Report: La. at No. 49 for state tax growth
Louisiana is ranked 49th in the United States for its 1.2% growth rate of state tax collections from 2010 to 2011, according to a new report from the U.S. Census Bureau. Hawaii came in 50th with 0.40% growth. Moreover, Louisiana ranked 43rd for its overall growth rate of 3% in collections between 1997 and 2011. North Dakota ranked first for growth between 2010 and 2011, at 44.5%, and its 9.6% growth in collections between 1997 and 2011 also earned it the top spot among all states. Across the nation, state tax collections reached $764 billion in 2011, an increase of 8.9% over 2010 and the second-highest ever collected, behind the $781 billion collected in 2008. Even accounting for the recession of recent years, state taxes have grown by 4% since 1997. Among states levying an individual income tax, Louisiana's top rate of 6%—kicking in at an income level of $50,000, among the three brackets—ranks 21st highest nationally, according to the Taxfoundation.org. For 2010, Louisiana collected $506 per person, ranking 36th. You can check out the complete report here.
Editor's note: This item has been changed since its original publication.
comments powered by Disqus
Number of failing schools in EBR doubles
Baton Rouge's 2014 Best Places to Work