Sunday, June 15, 2008

NEBRASKA TAXES ONE OF THE HIGHEST IN THE NATION

Nebraska's state/local tax burden is among the nation's highest, according to the non-partisan Tax Foundation. Estimated at 11.9% of income, Nebraska's state and local tax burden percentage stands at 9th highest, well above the national average of 11.0%. Nebraskans pay $4,549 per-capita in state and local taxes. Per capita state income is $38,373. Nebraska has made slight gains in the Foundation’s rankings in recent years. In 2002, Nebraska was ranked 6th by the Tax Foundation for highest in state/local tax burden. For more detailed information, click here. Meanwhile, Nebraska’s Platte Institute published an article last week on the issue of tax flight (http://www.platteinstitute.org) stating that people and companies are more likely today to move away from states with high tax burdens than they were 20 years ago.