Tuesday, August 2, 2011

Map: Which States Give or Take More Money from the Federal Government


The Economist: America's fiscal union: The red and the black:

SOME American states receive more in federal spending than they pay in federal taxes; others receive less. Over twenty years these fiscal transfers can add up to a sizeable sum. From 1990 to 2009, the federal government spent $1.44 trillion in Virginia but collected less than $850 billion in taxes, a gap of over $590 billion. But relative to the size of its economy, Virginia derived a smaller benefit from America’s fiscal union than states like New Mexico, Mississippi and West Virginia, where the 20-year transfer exceeded 200% of their annual GDP.

Click through to see a complete state-by-state list of federal revenues versus federal spending.

No comments: