Saturday, July 14, 2012

Nevada Drops From 8 To 35 In Cost Of Government....

In 1 year!
From Cost of Government.org: The calculation of Cost of Government Day for each state is based on the varying government burdens suffered in each state. The large contributors are federal tax and spending burdens. These federal burdens vary because relatively higher burdens are borne by states with relatively higher incomes. State and local spending burdens vary as well.  http://costofgovernment.org/state-breakdown-a182
For more information on the survey:   
Definition
Cost of Government Day (COGD) is the date of the calendar year on which the average American worker has earned enough gross income to pay off his or her share of the spending and regulatory burden imposed by government at the federal, state and local levels. 
Cost of Government Day 2012
The Cost of Government Day for 2012 is July 15. On average, workers must labor 197 days out of the year to pay for all the costs imposed by the government. From a different perspective, the cost of government makes up 54.0 percent of annual gross domestic product (GDP). 
Cost of Government Day Trends
Cost of Government Day falls three days earlier than last year’s revised date of July 18. In 2012, the average American will have to work an additional 29 days to pay off his or her share of the cost of government compared to ten years ago in 2002, when COGD was June 16.
In 2011, Nevada was ranked eighth best in cost of government and in 2012, it fell to 41st place. I'll be perfectly honest and say that I don't totally understand the rankings based on what I read, but I do know that losing 27 places in 1 year is not a very good thing.

No comments:

Post a Comment