PrintMay 22, 2010
Graph of the Day for May 22, 2010
"Economically, Texas is just too much for California to handle... Texas's economic environment is more competitive in all of these categories... Texas's future prosperity looks bright: stronger income, wealth and employment growth will occur in the Lone Star State relative to California, as well as the country as a whole. The opposite is true for California: weaker economic performance and less relative growth will ensue."
Source: Mark J. Perry, The American.
Hoven's Index for May 22, 2010
California statistics:
Top marginal personal income tax rate: 10.55%
Top marginal corporate income tax rate: 8.84%
State minimum wage: $8.00
ALEC-Laffer Competitiveness Index ranking: 46
Texas statistics:
Top marginal personal income tax rate: 0.00%
Top marginal corporate income tax rate: 5.56%
State minimum wage: $7.25
ALEC-Laffer Competitiveness Index ranking: 19
Source: ALEC-Laffer State Economic Competitiveness Index, 2010.
Graph of the Day Archive.
