The State and Federal tax filing deadline is drawing near and with some states receiving far more in federal aid than they pay in taxes, the personal-finance website WalletHub today released its report on 2024’s Most & Least Federally Dependent States, as well as expert commentary.
This report illustrates the extent to which states are independent economically. In order to identify which states most and least depend on federal support, WalletHub compared the 50 states across three key metrics: return on taxes paid to the federal government, federal funding as a share of state revenue, and share of federal jobs.
Federal Dependency of Arizona (1=Most Dependent, 25=Avg.):
- Overall Rank: 10th
- 15th – Return on Taxes Paid to the Federal Government
- 5th – Federal Funding as a Share of State Revenue
- 23rd – Share of Federal Jobs
For the full report, please visit:
https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700