Texas finished 15th 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 Texas examined such variables as top marginal personal income tax rate (0) and top marginal corporate income tax rate (2.62). 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, Texas ranked second.
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.
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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
This article was first published by The Center Square.
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