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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