The Center Square
Pennsylvania finished 37th
in a study
by the website Rich States, Poor States that examined the 50 states’ economic outlooks based on 15 weighted policy measures.
The economic outlook ranking for Pennsylvania examined such variables as top marginal personal income tax rate (6.95) and top marginal corporate income tax rate (16.88). Other measures examined include property and sales tax burdens, existence of estate or inheritance taxes, debt service as a percentage of tax revenue, and the number of public employees per 10,000 people.
RichStatesPoorStates.org
also ranked states based on their economic performances from 2007 to 2017. In that assessment, Pennsylvania ranked 33rd.
The state’s cumulative gross domestic product from 2007 to 2017, its overall loss of population to other states between 2008 and 2017, and nonagricultural job growth from 2007 to 2017 determined how it fared in the economic performance ranking.
—
State Rankings on Economic Outlook and Performance
State
2019 Economic Performance Ranking
2019 Economic Outlook Ranking
Top Marginal Personal Income Tax Rate
Top Marginal Corporate Tax Rate
Utah
5
1
4.95%
4.95%
Idaho
11
2
6.93%
6.93%
North Dakota
3
3
2.9%
4.31%
Nevada
24
4
4.95%
4.95%
Indiana
32
5
5.25%
5.75%
North Carolina
9
6
5.25%
2.5%
Tennessee
6
7
0%
6.5%
Florida
13
8
0%
5.5%
South Dakota
12
9
0%
0%
Arizona
22
10
4.54%
4.9%
Wyoming
45
11
0%
0%
Michigan
42
12
6.65%
8%
Oklahoma
20
13
5%
6%
Virginia
27
14
5.75%
7.62%
Texas
2
15
0%
2.62%
New Hampshire
19
16
0%
7.7%
Colorado
4
17
4.63%
4.63%
Georgia
10
18
5.75%
6.38%
Mississippi
48
19
5%
5%
Wisconsin
34
20
7.65%
7.9%
Alabama
35
21
4.15%
6.03%
Missouri
37
22
6.4%
6.59%
Arkansas
30
23
6.9%
6.5%
Ohio
38
24
7.5%
3.67%
Iowa
29
25
5.37%
11.64%
Louisiana
39
26
3.78%
6.32%
Kansas
40
27
5.7%
7%
Massachusetts
15
28
5.05%
8%
South Carolina
8
29
7%
5%
New Mexico
47
30
4.9%
5.9%
Alaska
43
31
0%
9.4%
Kentucky
25
32
0%
6.5%
Nebraska
14
33
6.84%
7.81%
Maryland
28
34
8.95%
8.25%
West Virginia
41
35
6.5%
6.5%
Delaware
26
36
7.85%
11.74%
Pennsylvania
33
37
6.95%
16.88%
Montana
16
38
6.9%
6.75%
Washington
1
39
0%
6.75%
Minnesota
21
40
9.85%
9.8%
Connecticut
50
41
6.99%
7.5%
Rhode Island
44
42
5.99%
7%
Maine
36
43
7.15%
8.93%
Oregon
7
44
10.66%
11.65%
Hawaii
23
45
11%
6.4%
New Jersey
49
46
11.75%
11.5%
California
18
47
13.3%
8.84%
Illinois
46
48
4.95%
9.5%
Vermont
31
49
8.75%
8.5%
New York
17
50
12.7%
17.23%
Source:
RichStatesPoorStates.org
/ American Legislative Exchange Council
published here with permission of The Center Square