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Filed: Timeline
Posted

Delaware is at the top. It's hard to see that fact as anything but a vindication of corporate-friendly policies.

But then again, that doesn't explain Minnesota, New Jersey, Illinois, Connecticut, New York............

Aug 1st 2011, 16:16 by The Economist online

Where federal taxes are raised and spent

SOME American states receive more in federal spending than they pay in federal taxes; others receive less. Over twenty years these fiscal transfers can add up to a sizeable sum. From 1990 to 2009, the federal government spent $1.44 trillion in Virginia but collected less than $850 billion in taxes, a gap of over $590 billion. But relative to the size of its economy, Virginia derived a smaller benefit from America’s fiscal union than states like New Mexico, Mississippi and West Virginia, where the 20-year transfer exceeded 200% of their annual GDP. Transfers to Puerto Rico, which is a US territory not a fully incorporated state, exceeded 290%. Where did these transfers come from? New York transferred over $950 billion to the rest of America’s fiscal union from 1990 to 2009. But relative to the size of its economy, Delaware made the biggest contribution, equivalent to more than twice its 2009 GDP. These calculations are based on tax figures provided by the Internal Revenue Service (which used to bracket Washington, DC, with Maryland) and federal spending numbers provided by the Census Bureau, which ignores spending on international programmes and interest payments.

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See the full data below:

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Filed: Citizen (apr) Country: Brazil
Timeline
Posted

while it sounds interesting, virginia has a massive us navy presence.....could it be that this is part of those numbers?

* ~ * Charles * ~ *
 

I carry a gun because a cop is too heavy.

 

USE THE REPORT BUTTON INSTEAD OF MESSAGING A MODERATOR!

Country: Vietnam
Timeline
Posted

Wow. Some surprising numbers from states. I can understand some of them and especially the western states that are sparsely populated but we do have bases there for sundry reasons but why Mississippi? Texas sends a lot of taxes away but we do get back a decent amount but we have a lot of military bases and other federal assets here. Still a net outflow though. Just leave WV alone as nothing can help that state out and we should just hand it back to Virginia with apologies for taking it away. New Mexico is for the most part sparsely populated but does have a big military base there and a big federal asset here but they also have huge native Indian population and we pay a lot of guilt money to them.

 

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