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2005 Tax Watch 1 (2005)

handle is hein.taxfoundation/taxwtch0002 and id is 1 raw text is: FOUNDATION Message from mr the President Putting a Face on America's Tax Returns % From the Archives;, Tax Foundation i in the News Tax Reform in 2005 Taxes Then and Now Key Tax Bills; Making Taxes Simple Support the Tax Foundation 11 The District's share of federal largesse amounted to $60,109 for every man, woman and child, said Sagoo. That's more than ten times the national average. If some states are ben- eficiaries, then others must be net losers. New York has traditionally been the leading giver staite, paying fai more in taxes than it ieceives in spending. But in iecent :: Z ==== =Z== ::::: ;:: ; :: ;:: :::::;= years th e E m p ire S tate ii{{{ ~~ ~i~{Mi{ ~~~i{{i{{ i{{{i{iii{i{ ~~~ i { i i :::::: ts n e ig h bo rs. .In 2003 New Jersey got iiiiiiiiii the worst deal from the f ederal government. just 57¢ per dollar of tax paid. Other states toward the bottom in- clude New Hampshiie (64¢ per dollam), Connecticut (65¢ per dollam) and Minnesota (70¢i pei dollar). The state that improved its spending! tax ratio most iin the last decade wxas Alaska, where federal spending rose frum $1.30 tu $1.89 per dullar in taxes. The state xwith the steepest drop was Colorado, where the ratio slid from $1.00 to 80¢. A useful way of thinking about federal taxing and spending is as a national give-and-take. States send federal taxes to Washington and receive federal spending in return. However, not all states come out ahead. Ac- cording to a new Tax Foundation study, some .. states get a much better return from Uince Sam than others leaving other states to pick up the tab. ........... ............................................................... .... ................................... ...................... ............................................................... ......... ......... ......... ......... ................................................... ....... .. . . . . . . ...................................... sta te s. g e t a m u c h b e tte r .:'.:::' .............. ..... ................... During fiscal 2003, tax- payers in New Mexico ',,,,,,, benefited the most from the give-and-take xwith the federal goxvemnent, said economist Sumeer Sagoo(, co-author of the stut New Mexico rekwived $1.99 in federal spending for every dollai sent to Uncle Sam. Other big winners ineluded klaska ($1.89), Mississippi ($1.83 ), and West Virginia ($1.82). Though not a state, the District of Columbia is by far the biggest beneficiary of federat spending. In 2003 it received $6.59 in federal outtays for exveiy dollar paid in taxes. Immu Uneq al Hurdiens,,,v 5ome 3tates AMMW law Feast'oingw fig at the 0115e ot uthers?

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