Louisiana Among Worst States for Taxpayer Return on Investment
When it comes to bang for your tax bucks, Louisiana could use a little work.
Taxes are a complete drag, right? You work so hard to put food on the table, but the man wants his cut. Before you even get your money, a big piece has already been taken out.
However, that money is supposed to make things better around us. Taxes are spent on schools, roads, hospitals, emergency services, water, etc. This begs the question, "What kind of returns on investment are we getting?" After all, when you think about it, taxes are an (involuntary) investment in the place we live.
WalletHub recently put together a list of 2019's States with the Best & Worst Taxpayer ROI. They looked specifically at the categories of education, health, safety, economy, and infrastructure and pollution. States received ranks in "Total Taxes Paid per Capita" and "Overall Government Services." Those ranks combined determined which states have the best return on investment.
Louisiana is near the bottom of the list at number 46.
This basically means that the taxes that we are paying aren't going to work for us as hard as in other states. More importantly, we probably can't see that money at work. The only states that are worse off than us are Arkansas (47), California (48), New Mexico (49), and Hawaii (50).