Mid-range earners in Louisiana rank 11th lowest on federal tax cut benefits

Middle-range income earners in Louisiana ranked 40th in the nation in terms of how they benefited from the federal Tax Cuts and Jobs Act, according to a new Tax Foundation analysis.

An interactive tool on the foundation’s website shows the average size of the 2018 tax cuts among specified income levels in each state’s congressional district. The 2017 federal tax reforms cut tax burdens for most Americans and may help to raise wages by improving the business climate nationwide, the foundation said.

The number of jobs added last year in Louisiana as a result of the income tax cuts was estimated to be 2,879. The average income tax cut for those in the state who earned between $50,000 and $75,000 annually was $1,335.76, according to the analysis.

The size of individuals’ tax cuts varies greatly depending on annual income levels. The online tool allows readers to track seven levels of average adjusted gross incomes, from $10,000 and under to $200,000 and up.

Impact of Tax Cuts and Jobs Act by State

State Estimated Jobs Added in 2018 Average Tax Cut (for Incomes of $50,000-$75,000) Tax Cut Rank
Alaska 476 $1,516.26 1
North Dakota 622 $1,488.95 2
Utah 2,187 $1,478.97 3
Ohio 8,092 $1,476.26 4
Vermont 455 $1,472.48 5
South Dakota 637 $1,455.69 6
Wyoming 413 $1,439.44 7
Indiana 4,529 $1,438.51 8
Michigan 6,396 $1,437.19 9
New Hampshire 991 $1,435.68 10
Minnesota 4,271 $1,429.18 11
West Virginia 1,099 $1,428.26 12
Pennsylvania 8,693 $1,426.89 13
Colorado 3,936 $1,425.52 14
Iowa 2,293 $1,423.99 15
Maine 911 $1,423.27 16
Delaware 666 $1,422.89 17
Wisconsin 4,284 $1,411.88 18
Montana 687 $1,410.93 19
Kansas 2,052 $1,410.71 20
Missouri 4,184 $1,406.08 21
Nebraska 1,489 $1,405.21 22
Rhode Island 723 $1,402.18 23
Kentucky 2,793 $1,401.11 24
Tennessee 4,419 $1,392.05 25
New Mexico 1,217 $1,391.18 26
Washington 4,931 $1,386.88 27
Illinois 8,830 $1,385.98 28
New York 13,897 $1,385.14 29
Arkansas 1,800 $1,368.59 30
Connecticut 2,444 $1,367.85 31
Massachusetts 2,444 $1,367.85 32
Oklahoma 2,433 $1,356.03 33
Florida 12,642 $1,354.57 34
Arizona 4,098 $1,354.29 35
Alabama 2,941 $1,352.11 36
Hawaii 959 $1,345.29 37
Nevada 1,986 $1,341.35 38
South Carolina 3,068 $1,341.03 39
Louisiana 2,879 $1,335.76 40
North Carolina 6,507 $1,328.02 41
Texas 18,128 $1,324.56 42
Idaho 1,063 $1,318.93 43
Oregon 2,763 $1,308.50 44
New Jersey 6,041 $1,304.97 45
Virginia 5,782 $1,291.80 46
Mississippi 1,683 $1,279.01 47
California 24,701 $1,265.71 48
Georgia 6,526 $1,262.17 49
Maryland 3,952 $1,194.98 50



Source: Tax Foundation

This article was first published on Watchdog.org.

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