Here is a list of the top 14 states with the highest tax burdens… and the 14 with the lowest. Highest Burden Lowest Burden #1 Hawaii: 13.92% #1 Alaska: 4.93% #2 New York: 13.56% #2 Wyoming: 5.79% #3 Vermont: 11.53% #3 New Hampshire: 5.94% #4 California: 11.00% #4 Tennessee: 6.38% #5 Maine: 10.64% #5 South Dakota: 6.46% #6 New Jersey: …
Soaring National Debt Tops $37 Trillion this Month: 5 Reasons Why it Matters
Key Takeaways: Interest must be paid every year on the national debt. The higher the debt, the higher the interest needed to service the debt. In FY 2024, interest payments exceeded national defense spending. High interest payments mean higher deficits which means higher government borrowing. High government borrowing means less money for small businesses to borrow. This stunts economic growth …