Saturday, May 22, 2010

In California, an awakening seems to have taken place in 2007

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.

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