4-13-16 – Vermont Ranks 49th for Economic Outlook

by Rob Roper

The 9th edition of “Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index is out with some happy revelations about “a pro-growth trend across the nation for 2016.”

Well… not all the way across the nation. Vermont ranked 49th for Economic Outlook, and 39th in State Economic Performance from 2004-2014. Vermont has been consistent in this analysis, as we have ranked 49th every year since 2009, except 2013 when we were dead last at 50. If there is a silver lining here it’s that the record shows we have not preformed quite as badly as this particular formula predicted would.

Here are some highlights from the subcategories of rankings:

  • Top Marginal Personal Income Tax Rate (8.95%) – 44th
  • Property Tax Burden ($52.35 per $1000 of personal income) – 48th
  • Sales Tax Burden ($12.81 per $1000 of personal income) – 7th
  • Remaining Tax Burden ($29.03 per $1000 of personal income) – 48th
  • Recently Legislated Tax Changes ($2.62 per $1000 of personal income) – 46th

To see the full report, check out the link HERE.

– Rob Roper is president of the Ethan Allen Institute.

{ 1 comment… read it below or add one }

jim bulmer April 16, 2016 at 12:44 am

Here’s another one, when the critera is unpleasant, Vermont usually comes out well at the bottom among the states (see the economic out look). Not good Montpelier!!!!!!

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