Every year, billions in federal tax dollars are redistributed to the 50 states and the District of Columbia through grants, contracts, and benefit programs. The states are ranked to see who benefits the most from the flows so readers can see the fiscal winners and losers at a glance.
Data for this visualization comes from MoneyGeek, which uses Census Bureau and Bureau of Economic Analysis figures. Their dependency score blends two metrics: the state’s return‐on‐taxes ratio and the share of state revenues coming from federal sources. New Mexico tops the 2024 list for states most dependent on the federal government, with a perfect score of 100. Its residents receive $3.42 for every tax dollar they send to Washington, while the state covers nearly a third of its budget with federal funds. West Virginia, Alaska, and Mississippi follow closely, each exceeding $2.60 in returns and relying on federal transfers for more than a quarter of state revenues.
At the opposite end, New Jersey and Washington score zero, receiving roughly half a dollar back for every dollar paid their residents pay in taxes. California, New York, and Minnesota also run sizable “deficits,” each collecting less than 75 cents on the dollar.
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can we have a chart on what the money is actually spent on?
ReplyDeleteNot included in this are things like the amount of land owned by the Feds, and I'm guessing military expenditures based on the descriptions. When you blend two different statistics, and ignore certain other things, you get this.
ReplyDeleteThe red states seem to dominate the top of the list, they sure love their socialism which this effectively is. They should pay their own fscking way!
ReplyDeleteSouthern red states are also black-heavy. Descendants of slaves who never left. 80% of blacks are on some form of assistance.
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