Friday, April 24, 2009
Kentucky ranked among bottom 15 states in economic competitiveness
Kentucky ranked among the bottom fifteen states in terms of economic competitiveness according to a new study sponsored by the American Legislative Exchange Commission (ALEC). The study, authored by Arthur B. Laffer, Stephen Moore, and Jonathan Williams, used 15 policy variables that have a "proven impact on the migration of capital."
The 15 policy variables are as follows:
The 15 policy variables are as follows:
- Highest Marginal Personal Income Tax Rate
- Highest Marginal Corporate Income Tax Rate
- Personal Income Tax Progressivity
- Property Tax Burden
- Sales Tax Burden
- Tax Burden From All Remaining Taxes
- Estate Tax/Inheritance Tax (Yes or No)
- Recent Tax Policy Changes 2007-08
- Debt Service as a Share of Tax Revenue
- Public Employees Per 1,000 Residents
- Quality of State Legal System
- State Minimum Wage
- Workers’ Compensation Costs
- Right-to-Work State (Yes or No)
- Tax or Expenditure Limit
