Saturday, May 18, 2013
Facebook Connect
 
This Week's SFR Picks
 
— The Radness of King George
'Game of Thrones' mastermind George RR Martin talks childhood, popcorn and his latest acquisition
— Slaughterhorse-Five
The inner workings of NM’s first equine slaughterhouse
— Feed Me
Going vegan without starving? Yes, it’s possible
Guides Santa Fe Manual Restaurant Guide Best of Santa Fe Bar & Nightlife Summer Arts

Letter America: Dear Author

Letter America May 4, 2013 Jonathan Franzen ... More

May 06, 2013 By Robert Wilder Comments 0
 
 
 

 

 
News 04.05.2011 1 Comments

Bringing Home the Bacon: NM Ranks Third in Federal Payback

By Alexa Schirtzinger
greed lady

 Here's one list New Mexico probably doesn't mind topping (along with its usual cohorts, Mississippi and West Virginia): the amount of federal money the state receives in return for every tax dollar it pays.

New Mexico gets $2.80 from the federal government for every tax dollar it pays--the third-highest return on investment in the US.

According to an analysis released today by the Daily Beast, New Mexico paid $8.8 billion, on average, in federal taxes in 2007, 2008 and 2009. In return, the state received average federal funds of approximately $24.57 billion per year.

The state's net gain from the feds, at $2.80, ranks just below Mississippi's ($2.83) and West Virginia's ($2.82).

Arizona ranked 16th, with $1.59 return on the dollar, and Texas came in 41st, receiving just 92 cents on every dollar it pays in federal taxes. 

Then again, maybe that's because Texas Gov. Rick Perry refused federal funding in 2009--and may be poised to do it again.



 
  • Currently 3.5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
 
 
 
04.10.2011 at 09:29 | Reply |
Me

Possibly not the great victory that one might think, since much of that money is likely going to fund truly non-productive activities such as nuclear warhead production, low-altitude military flyovers and defense research.

I would as soon see my tax dollars flushed down the toilet as see them fund such endeavors.

 

 
 
Close
Close
Close