WalletHub Study: New Jersey Is 2019’s 3rd Least Federally Dependent State
With the tax deadline drawing near, the personal-finance website WalletHub followed up on its 2019 Tax Rates by State report with an in-depth analysis of 2019’s Most & Least Federally Dependent States as well as accompanying videos to determine how much those with the lowest tax rates lean on Uncle Sam compared with those paying the highest.
In order to identify which states most and least depend on federal support, WalletHub compared the 50 states across three key metrics: return on taxes paid to the federal government; federal funding as a share of state revenue; and share of federal jobs.
Federal Dependency of New Jersey (1=Most Dependent, 25=Avg.):
- 49th – Return on Taxes Paid to the Federal Government
- 41st – Federal Funding as a Share of State Revenue
- 44th – Share of Federal Jobs
For the full report, please visit:
https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700/