| Economic Outlook Data |
|
Overall Outlook Rank
|
7th
|
29th
|
|
Top Marginal Personal Income Tax Rate
|
5.70%
|
6.20%
|
|
Top Marginal Corporate Income Tax Rate
|
5.70%
|
5.00%
|
|
Personal Income Tax Progressivity
(change in tax liability per $1,000 of income)
|
$11.39
|
$21.43
|
|
Property Tax Burden
(per $1,000 of personal income)
|
$19.87
|
$27.58
|
|
Sales Tax Burden
(per $1,000 of personal income)
|
$27.84
|
$23.11
|
|
Remaining Tax Burden
(per $1,000 of personal income)
|
$12.40
|
$16.45
|
|
Estate / Inheritance Tax Levied?
|
No
|
No
|
|
Recently Legislated Tax Changes
|
-$3.17
|
-$1.29
|
|
Debt Service as a Share of Tax Revenue
|
1.97%
|
4.61%
|
|
Public Employees Per 10,000 of Population
(full-time equivalent)
|
457
|
504.6
|
|
State Liability System Costs
(as a share of state GDP)
|
1.91%
|
2.54%
|
|
State Minimum Wage
(federal floor is $7.25)
|
$7.25
|
$7.25
|
|
Average Workers’ Compensation Costs
(per $100 of payroll)
|
$1.43
|
$1.35
|
|
Right-to-Work State?
(option to join or support a union)
|
Yes
|
Yes
|
|
Tax Expenditure Limits
|
1
|
1
|
| Economic Performance Data |
| Overall Performance Rank |
4
|
8
|
| State Gross Domestic Product |
96.00%
|
75.78%
|
| Absolute Domestic Migration |
236,816
|
577,968
|
| Non-Farm Payroll Employment |
32.06%
|
21.54%
|
|
Idaho Profile
|
South Carolina Profile
|
