Report: These Five States Have Highest Liability Per Taxpayer

[Geee]

Heritage Foundation:

Taxpayers in Alaska who enjoy keeping their money will be happy to see a new report that claims the country’s 49th state is best able to fund its obligations.

 

Residents of Connecticut may not feel as good.

 

The Truth in Accounting report ranks the states by “taxpayer burden,” a measure that represents the amount each taxpayer would have to pay his or her state’s treasury to fill its financial hole.

 

Truth in Accounting, a Chicago-based nonprofit, determined that the states with the highest taxpayer burden — deemed “Sinkhole States” — are, in descending order, Connecticut, Illinois, New Jersey, Massachusetts and Hawaii.

 

The “Sinkhole States”

 

The states with the largest “taxpayer surplus” — called “Sunshine States” based on having assets available to pay their bills — are, from the top: Alaska, North Dakota, Wyoming, Utah and South Dakota.