WalletHub Press Release
With the tax deadline drawing near, the personal finance website WalletHub followed up on its report on the States with the Highest & Lowest Tax Rates with an in-depth analysis of 2016’s Most & Least Federally Dependent States to determine how dependent states with the lowest tax rates are compared with those paying the highest.
In order to identify which states most and least depend on federal support, WalletHub’s analysts compared the 50 states across three key metrics: 1) return on taxes paid to the federal government; 2) federal funding as a percentage of state revenue; and 3) share of federal jobs.
Federal Dependency of Florida (1=Most, 25=Avg.):
- 23rd – Return on Taxes Paid to the Federal Government
- 28th – Federal Funding as a Percentage of State Revenue
- 27th – Share of Federal Jobs
For the full report, please visit: