The American Legislative Exchange Council, a network of conservative private investors and state legislators, found in the 16th annual Rich States, Poor States report that Utah again topped a range of 15 indicators after adopting a flat personal income tax and easing pension and property taxes.
The study aims to build on demographic trends that have shown more people moving to states with lower tax rates and moving out of states with heavy income taxes. And last year, five states switched from a progressive personal income tax structure to a flat income tax — including third-ranked Arizona, which now boasts a 2.5% flat rate.
😂
Can't wait to turn in my NewYork plates.
SeanDKnight Part of me thought it was just Utah saying that like how all states say they’re the best, but it’s comforting to see Utah in a position to hopefully weather any economic instability well.