These 9 states are where taxpayers get the most for their tax dollars
Wikimedia Commons
In a way, taxes are sort of like an investment. Taxpayers (investors) pay federal and state governments money with the expectation they'll get services such as paved roads and operating national parks (a return).
But a new report by WalletHub, the personal finance site, indicates that certain states receive a much higher return on their tax investment.
Using more than 23 metrics to look at five different categories, the report identified the states with the best taxpayer ROI for 2017.
According to the report, "Red States," or Republican states, get a much bigger bang for their buck when it comes to their tax dollars with an average ranking of 21.07, compared with "Blue States," or Democratic states, which have an average ranking of 32.15.
Here are some other key findings:
- "Nebraska has the lowest proportion of major roads in poor condition, 5 percent, which is 8.8 times lower than in Connecticut, the state with the highest at 44 percent."
- "Vermont has the lowest number of violent crimes per 1,000 residents, 1.18, which is 6.2 times lower than in Alaska, the state with the highest at 7.30."
- "New Hampshire has the lowest infant mortality rate per 1,000 live births, 4.18, which is 2.2 times lower than in Mississippi, the state with the highest, 9.27."
Following are the top nine states with the highest return on investment for their tax dollars.
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore