Taxes: Thinking About November

You can read about the governor's State of the Union speech in any number of places.  You can also read about his plan to ask for higher tax rates in some places.  But you don't see the state-by-state comparisons too often, so today's Wall Street Journal piece is helpful.  The Tax Foundation calculates state tax burdens using multiple components including income, property, sales and public utility taxes.  We have landed at number six out of the 50 states:

1    New Jersey            12.2%

2    New York                12.1%

3    Connecticut            12.0%

4    Wisconsin                11.0%

5    Rhode Island            10.7%

6    California                10.6%

Dan Walters at the SacBee puts the tax rate increase proposal's risk in perspective here.  It's worth a read between now and November.