{"id":1449,"date":"2011-09-02T11:18:55","date_gmt":"2011-09-02T15:18:55","guid":{"rendered":"http:\/\/stateimpact.npr.org\/new-hampshire\/?p=1449"},"modified":"2011-09-12T10:26:18","modified_gmt":"2011-09-12T14:26:18","slug":"nh-lags-behind-most-of-new-england-and-new-york-in-high-income-taxpayer-growth","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/new-hampshire\/2011\/09\/02\/nh-lags-behind-most-of-new-england-and-new-york-in-high-income-taxpayer-growth\/","title":{"rendered":"NH Lags Behind Most Of New England And New York In High-Income Taxpayer Growth"},"content":{"rendered":"

Here’s a new map from the Tax Foundation showing growth of high-income taxpayers from 1999-2009.\u00a0 What’s particularly interesting about these numbers is that they straddle pre- and post-recession years.\u00a0 So StateImpact naturally wondered, did the recession dramatically change where the high income bracket grew?<\/p>\n

Not really.<\/p>\n

Nick Kasprak is an analyst and programmer with the Tax Foundation.\u00a0 He collected the data from the IRS, studied it, and created the map.\u00a0 He says the changes overall were small.\u00a0 The possible exception is North Dakota, which has been the country’s big success story since the economic collapse<\/a>, “If you’re looking only ’99 to ’04, it was ranked number six,” Kasprak says.\u00a0 “But if you look from ’05 to ’09, then it was number one.\u00a0 I don’t know the specific reason for North Dakota being [so] high growth…but they’re certainly growing very fast.”\u00a0 In other words, the state was already on the road to high growth, but those last five years saw a big spike.<\/p>\n

It’s a very different story for the Northeast.\u00a0 From Maine to New Jersey, growth of the high-income tax bracket has been lackluster.\u00a0 Given New Hampshire’s lax tax policies, StateImpact was surprised to find that it ranks not only near the bottom in terms of national growth, but is also among the slowest-growing New England states.\u00a0 New Hampshire ranked No. 36.\u00a0 Only Vermont, at No. 40, and Connecticut, at No. 38, saw less high-income growth.<\/p>\n

Kasprak says he was surprised by New Hampshire’s low ranking too, and so far has come up with two possible explanations.\u00a0 The first, he says with a hearty disclaimer, is “only speculation,” but, “New Hampshire is a place that people go to retire, and they’re not bringing in the same income, and that could be driving it down.”\u00a0 He points out that the “Retirement Effect” is a big factor in Florida’s No. 49 ranking.\u00a0 But Kasprak says there’s a strong basis for the second explanation of New Hampshire’s lackluster high-income growth.\u00a0 “I think with the Northeast, it’s more of a long-term trend, not necessarily in terms of the overall economy shrinking, but I think there’s a lot of people from the Northeast moving to other areas of the country.\u00a0 There’s just this general Northeast to Southwest movement, in terms of migration patterns.”<\/p>\n

One more thing to keep in mind about these numbers: They’re the nominal high-income tax payers as determined by the IRS.\u00a0 Nothing’s been adjusted for inflation, which, Kasprak says, is why you see respectable growth in even the low-ranking, long-depressed Rustbelt strongholds like Michigan, Ohio and Indiana.<\/p>\n

\"\"<\/a>

Nick Kasprak \/ Tax Foundation<\/p>

New Hampshire and the Northeast in general lag behind other areas of the country in terms of high-income taxpayer growth.<\/p><\/div>\n

Ed. Note: In an earlier version of this story we incorrectly spelled Nick Kasprak’s name as “Kasperak.” We regret the error.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Here’s a new map from the Tax Foundation showing growth of high-income taxpayers from 1999-2009.\u00a0 What’s particularly interesting about these numbers is that they straddle pre- and post-recession years.\u00a0 So StateImpact naturally wondered, did the recession dramatically change where the high income bracket grew?<\/p>\n","protected":false},"author":28,"featured_media":1594,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[120,84,525,85,162,117,104,521,118],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/1449"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/comments?post=1449"}],"version-history":[{"count":6,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/1449\/revisions"}],"predecessor-version":[{"id":1453,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/1449\/revisions\/1453"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/media\/1594"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/media?parent=1449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/categories?post=1449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/tags?post=1449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}