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Study: Delaware Least Dependent State on Federal Government

By    |   Thursday, 27 March 2014 08:28 AM

Delaware is the least dependent on the federal government of any state, according to a study from personal finance web site WalletHub.

It measured dependency by looking at return on taxes paid to the federal government, federal funding as a percentage of state revenue and the number of federal employees per capita.

Illinois came in second after Delaware, followed by Minnesota, New Jersey and Connecticut. Mississippi and New Mexico tied for the most dependent, followed by Alabama, Louisiana and Maine.

Editor's Note: Secret Wall Street Calendar Uses Strange ‘Crash Alert System,’ Gets 18.79% Annual Returns

States governed by Republicans are more dependent on the federal government than states governed by Democrats, according to the survey. Red states have an average dependency ranking of 33.5, compared to 19.2 for blue states.

The survey found a 34 percent correlation between a state’s federal dependency and its tax rates. That means states that are more dependent on the Feds tend to charge lower tax rates.

Eight states achieved below average tax rates and federal dependency: Delaware, Nevada, Colorado, Massachusetts, Utah, Washington, Alaska and Indiana.

Nine states have above average tax rates and federal dependency: Virginia, Hawaii, Georgia, Idaho, Oregon, Vermont, Maryland, Kentucky and Maine.

Meanwhile in a study of sales taxes, the Tax Foundation found that Tennessee has the highest combined state and local rate, 9.45 percent. It's followed by Arkansas at 9.19 percent, Louisiana at 8.89 percent, Washington at 8.88 percent and Oklahoma at 8.72 percent.

Oregon, Delaware and New Hampshire have no state or local sales taxes.

Editor's Note: Secret Wall Street Calendar Uses Strange ‘Crash Alert System,’ Gets 18.79% Annual Returns

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Delaware is the least dependent on the federal government of any state, according to a study from personal finance web site WalletHub.
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2014-28-27
Thursday, 27 March 2014 08:28 AM
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