To see which state gives you the most bang for your buck (literally), here’s a look at what $1 is worth in all 50 states from 24/7 Wall Street.
Mississippi: $1.16
Alabama: $1.15
Arkansas: $1.15
West Virginia: $1.14
Kentucky: $1.14
South Dakota: $1.13
Oklahoma: $1.12
Ohio: $1.12
Missouri: $1.12
Iowa: $1.11
Tennessee: $1.11
Indiana: $1.11
South Carolina: $1.11
Louisiana: $1.11
Kansas: $1.10
Nebraska: $1.10
North Caroline: $1.10
North Dakota: $1.09
Georgia: $1.09
Wisconsin: $1.08
Idaho: $1.08
Michigan: $1.07
New Mexico: $1.07
Montana: $1.06
Arizona: $1.04
Minnesota: $1.03
Wyoming: $1.03
Texas: $1.03
Utah: $1.03
Nevada: $1.03
Maine: $1.02
Pennsylvania: $1.02
Illinois: $1.01
Rhode Island: $1.00
Florida: $1.00
Oregon: $1.00
Delaware: $1.00
Vermont: $0.98
Virginia: $0.98
Colorado: $0.97
Alaska: $0.95
Washington: $0.95
New Hampshire: $0.94
Massachusetts: $0.93
Connecticut: $0.92
Maryland: $0.91
New Jersey: $0.88
California: $0.87
New York: $0.87
Hawaii: $0.84
The worst states are high tax states.
Except for Alaska where high transportation cost eats up the value of your dollar.
Not coincidentally high tax states are Blue states.
Little wonder, Hillary won the “$hithole states”.
Shhh, quiet...keep the liberals away from the South!
So any federal law involving an amount of money is invalid, because the value is different in each state, and within each state, it’s different in different localities.
In other words, the tax “brackets” are invalid. The $600 threshold for reporting amounts paid is invalid. The minimum hourly rate is invalid. Everything else is too.
Looking at most of the low-value states (Cali, NY, NJ etc), it’s interesting that people pay to live in states with (presumably) the highest crime and the lowest individual fulfillment.
Interesting. If you are worth $4mm and living in Hawaii, you can relocate to Mississippi or Arkansas and boom, you are worth $5mm in relative ability to spend and invest the same dollars.
Move to Mexico and you are worth much more.
In a few countries you might be a billionaire!
Do they leave out “volatile food and energy” prices? How about home prices? I understand they are expensive in California.
Yankee dollars just ain’t that good any more.
The US dollar is legally defined as 371.5 grains of .999 fine silver. The FRN was a proxy for the dollar until August 15, 1971. Today a FRN will buy you 33 grains of .999 fine silver. Currently a FRN is worth 9% of a lawful dollar. Silver is likely to rise toward 100FRN per ounce over next eighteen months causing the FRN to lose over 80% of its current purchasing power.
I’m pretty sure the dollar is worth about 30 cents in Illinois.
Heres a fiscal ranking of all 50 states from the latter part of 2018. Compares Democrat vs Republican controlled states.
https://www.mercatus.org/statefiscalrankings
Very useful for any considering a major relocation...factor the dollar value when comparing pay, benefits, and taxation.
WOW ! For the first time in Kentucky’s history there near the top in something Tied for third. Thanks Governor Bevin