Arkansas in the black | Arkansas Blog

Sunday, August 7, 2011

Arkansas in the black

Posted By on Sun, Aug 7, 2011 at 2:11 AM

money_stack.jpg
While the South has long been seen as something of a fiscal parasite on the rest of the country, hogging more federal tax dollars than states collect, it turns out Arkansas did pretty well in that regard over the past two decades. According to a new report by The Economist, we're one of only three states in the South (the others being Georgia and Texas) that paid in more in federal taxes than we spent in federal funds between 1990 and 2009.

During that time, according to their report, Arkansas collected 333.3 billion in federal taxes, but only spent 316.3 billion of Uncle Sam's money. Compare that to Mississippi — which took in 164.7 bn and spent 404.6 bn — and Louisiana, which took in 397.8 bn and spent 601.2 bn.

Also interesting is where some of the socially progressive states — often demonized by the Right for their social welfare programs that supposedly vacuum up tax dollars — land on the list. California came in 336.2 billion in the black, New York 956.2 billion ahead, and Massachusetts 147.6 billion in the plus column.

Tags: , , , , , , ,


Sign up for the Daily Update email
Favorite

Comments (19)

Showing 1-19 of 19

Add a comment

 
Subscribe to this thread:
Showing 1-19 of 19

Add a comment

More by David Koon

  • Tough mothers, demanding action

    Interest in the gun violence prevention group Moms Demand Action has exploded since the massacre at Marjorie Stoneman Douglas High in Florida. Leaders here say they're in the battle for 'gun sense' until the job is done.
    • Apr 5, 2018
  • The Griffin

    El Dorado's new restaurant showplace is worth the drive.
    • Mar 15, 2018
  • Arkansas's medical marijuana growers come to light

    Four counties, five companies, lots of jobs in the cannabis business.
    • Mar 8, 2018
  • More »

Readers also liked…

  • Arkansan on Obama's latest commutation list

    President Obama today announced commutations of the sentences of 111 federal prisoners, including one from Arkansas.
    • Aug 30, 2016
  • Little Rock school activists announce events for 60th anniversary of Central High crisis

    The group is not affiliated with the official "Reflections of Progress" commemoration of the 60th anniversary. However, at least two of the Little Rock Nine may be joining the group for an event at 2:30 p.m. at the state Capitol in the Old Supreme Court Chamber.
    • Sep 14, 2017
  • A response to police arrests becomes a tutorial on race, class and policing in Little Rock

    John Walker, the 79-year-old civil rights lawyer, and his associate, Omavi Shukur, 29, a young lawyer devoted to criminal justice reform, talked to press this afternoon about their arrests Monday by Little Rock police for supposedly obstructing governmental operations in observing and attempting to film a routine police traffic stop. It was a tutorial on sharp views of race, class and governance in Little Rock.
    • Sep 29, 2016

Most Recent Comments

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation