pic3.jpg

Donate to KMXT

button_7.png
button_5.png

Support Public Radio

You can support public radio through underwriting and we can help you drive traffic to your place of business by reaching the educated, affluent and decidedly handsome KMXT listeners. Contact This e-mail address is being protected from spam bots, you need JavaScript enabled to view it today!

Station Blogs & Links

Freeform
Are you a KMXT volunteer with a blog or website about your show? This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

 


Copyright vEsti24
album_art.jpg
kmxt_logo.jpg
afr_logo_screen_size.gif
wayback_kodiakbuttoncopy.jpg

Galley Tables

galley_tables_logo_transparent.jpg
Aug 13 2008
Low Burdens For Alaska PDF Print E-mail
Wednesday, 13 August 2008
0 MB | Download MP3 | Open in popup


This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

 

In one instance, Alaska is at the bottom of the barrel, and that’s not a bad thing. A recent Tax Foundation special report says Alaska ranks last in tax burdens out of all fifty states. Mary Donaldson has more.

 

On Thursday, Gerald Prante, the senior economist for the Tax Foundation in Washington D.C. released a report titled “State-Local Tax Burdens Dip As Income Growth Outpaces Tax Growth”. In his report, Prante finds that Alaska ranks lowest in state tax burdens.

(Prante 4                     :13s     “…at 11.8 percent.”)

Prante says the calculations are based on what taxes residents pays in each state, divided by the total income for that state. He says his company is not trying to answer the question of how much the state and local governments collect but rather wants to answer the question of what percentage of taxpayer’s income they are paying in state and local taxes, or burdens.

(Prante 1                     :26s     “…does not fall on Alaskans only.”)

For example, if a resident from Alaska spends money and it is taxed in Las Vegas, the report adds it to the calculation of the overall tax burden of Alaska residents.

 He says the national average for tax burdens fell slightly from last year.

(Prante 2                     :22s     “…as fast as income.”)

He says income growth is outpacing tax growth because governments aren’t collecting taxes as fast as incomes are growing nationwide.

(Prante 3                     :26s     “…rise as fast as income.”)

Prante says calculating this annual tax burden report allows state governments and the public to see which states’ residents are most burdened by state and local taxes.

The Tax Foundation is a nonpartisan, nonprofit organization that monitors fiscal policy on the federal, state and local levels and has been running since 1937.

I’m Mary Donaldson.

 

 

                        ###

 

For a link to this report, click here

 

 
< Prev   Next >