The average retail price of regular unleaded gas this week is $2.82. As noted by the Wonkblog, gas hasn’t been this cheap for Thanksgiving week since the first year of the Obama administration.
From The Big Picture:
The states with the highest unemployment rate are Nevada (8 percent) and Rhode Island (8.3 percent). Nevada was hit especially hard by the housing collapse and Rhode Island has been fighting a loss of manufacturing industries, fishing and tourism woes, high taxes and a state government some observers have described as corrupt. Illinois comes in third (7.9 percent) — its deficit issues and pension headaches are well known — and California is fourth (7.8 percent).
On Tax Day 2014, the U.S. federal government owed its lenders over $17.577 trillion. Here is a breakdown of the U.S’s biggest creditors:
Source: Political Calculations
Source: WSJ (Moneybeat)
Some of the largest natural resource exporters with floating exchange rates have seen their currencies come under significant pressure over the past year. The currency selloff was triggered, in part, by a decline in demand for natural resources and news of slower economic expansion in China.
Source: Credit Writedowns
It is hardly disputed that most people want to keep as much of their income as they can. Based on that premise, here is a list of states where one can legally avoid paying state income/wage taxes. Good luck if you decide to move!
- Alaska (no sales tax either)
- South Dakota
- Wyoming (no corporate income tax either)
- New Hampshire (does not tax wage income but does tax residents’ dividend and interest income)
- Tennessee (does not tax wage income but does tax residents’ dividend and interest income)