As of Tuesday, July 11, 2017
According to LiveStorie’s new Five Facts series on-line, per capita Idaho spends less than any other state.
Using data from the 2014 U.S. Census, LiveStories explored taxes, spending and debt throughout the United States.
According to the 2014 Census, Idaho’s population is 1,633,500, with a median income of $47,334. The percent below poverty number is 15.6 and outstanding debt is $3,814 dollars per capita, making Idaho the state that spends the least and, therefore, has the least debt.
Property tax revenue in Idaho is $928, compared to the overall average revenue of all states at $1,464.
Idaho County has fourth lowest tax burden in the state
A new Smart Assets income tax study, the third annual report on places with the lowest tax burdens, has Idaho County ranking fourth lowest in the state in tax burden.
This is the amount of money a person pays in income, sales, property and fuel taxes in each county in Idaho.
Idaho County ranks fourth overall for its income tax ($10,476); sales tax ($893); property tax ($771); and fuel tax ($319).
The top in 10 lowest tax burden counties in the state in order are: Custer, Clark, Owyhee, Idaho, Bear Lake, Butte, Lemhi, Adams, Minidoka and Cassia. There are 44 counties in Idaho state.
Idaho County’s national rank for lowest tax burden is 1,207. There are 3,141 counties in the United States.
Sales and gross receipts for Idaho is $1,134 per capita while the national average is $1,624.
Expenditures on education and libraries puts Idaho at $1,962 per capita while the national average is $2,874.
In the social services and maintenance venue, which includes public welfare, hospitals, health, employee security administration and veterans services, Idaho comes in at $1,939, compared to the national average of $2,522 per capita.
Additional interesting facts:
•Per capita, North Dakota gets more state and local tax revenues than any other state.
•Alabama gets the least amount of tax revenue.
•Alaska spends more than any other state.
Alaska, like North Dakota, is a low-population state with a flourishing fossil fuel industry, and consequently gets a per capita revenue bonanza in the form of severance taxes. Idaho is also a low-population state, but has no significant severance tax base. Looking more closely at categories of direct expenditures, Alaska and Idaho are at different extremes in every category.
In addition, Idaho pays only a fraction of what most states pay for utilities, and also pays very little interest on debt.