2020’s Most & Least Federally Dependent States – WalletHub Study
With Tax Day drawing near, the coronavirus wreaking havoc on the economy, and tax relief being considered in response, the personal-finance website WalletHub today released an in-depth analysis of 2020’s Most & Least Federally Dependent States (along with accompanying videos).
This report illustrates the extent to which states are independent economically. However, the oxymoron in this situation is that states with a higher level of federal dependence are likely better positioned to handle the coronavirus pandemic, given that most relief will come from the federal government. 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 Texas (1=Most Dependent, 25=Avg.):
35th – Return on Taxes Paid to the Federal Government
28th – Federal Funding as a Share of State Revenue
31st – Share of Federal Jobs
For the full report, please visit:
Please let me know if you have any questions or if you would like to schedule a phone, Skype or in-studio interview with one of our experts. Feel free to embed this YouTube video summarizing the study on your website. You can also use or edit these raw files as you see fit. Full data sets for specific states are also available upon request.
WalletHub Communications Manager
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