Monday numbers

Monday numbers

- in Fitzsimon File

30—percentage of income paid in federal individual income taxes by the top 400 households in 1995 (Center on Budget and Policy Priorities, February 23, 2010)

16.6—percentage of income paid in federal individual income taxes by the top 400 households in 2007 (Ibid)

46 million—amount in dollars of the effective tax cut per filer in the top 400 in 2007 (Ibid)

18 billion—amount in dollars of the total cost per year of the tax cuts for the wealthiest 400 taxpayers (Ibid)

139 million—amount in dollars of adjusted gross income needed to be among the 400 wealthiest taxpayers in 2007 (Ibid)

8—number of months until the 2001 and 2003 tax cuts expire for couples earning more than $250,000 a year (Center for Budget and Policy Priorities, April 1, 2010)

11—rank of effectiveness of extending the 2001 and 2003 tax cuts among 11 options to stimulate job economic growth and job creation examined the Congressional Budget Office (Ibid)

7,146-amount in dollars of South Carolina's state and local revenue collected per capita (The Tax Foundation, Facts & Figures Handbook, March 25, 2010)

7,152—amount in dollars of Virginia's state and local revenue collected per capita (Ibid)

6,947—amount in dollars of North Carolina's state and local revenue collected per capita (Ibid)

36—rank of North Carolina in per capita state and local revenues collected (Ibid)

3.5 — North Carolina's effective business tax rate, the ratio of state and local business taxes to private-sector gross state product (Ernst & Young, Total state and local business taxes. State-by-state estimates for fiscal year 2009, March 2010.)

4.7—The national average effective business tax rates for states (Ibid)

1—rank of North Carolina in lowest effective business tax rates among the 50 states (Ibid)

About the author

Chris Fitzsimon, Founder and Executive Director of N.C. Policy Watch, writes the Fitzsimon File, delivers a radio commentary broadcast on WRAL-FM and hosts "News and Views," a weekly radio news magazine that airs on multiple stations across North Carolina.
chris@ncpolicywatch.com
919-861-2066