COGD Comes to New Hampshire Two Days After National Average
Residents of New Hampshire must work two days longer than the average American to pay off their share of the cost of government. Each year, Americans for Tax Reform Foundation and the Cost of Government Center publish the Cost of Government Day Report, which measures the number of calendar days it takes the average American to pay for the full burden of government. This year, New Hampshire workers must toil for 199 days out of the year to pay for the cost of government, working longer than 30 other states.
Over the last decade, New Hampshire residents have faced $1.98 billion in tax hikes; that is $1,495.84 for every man, woman and child over the last ten years. Overall, the state’s tax climate ranks 44th in the country and has a tax burden well below the national average with a state and local rate at 8.0 percent.
Continually ranked below the national average, the state/local tax burden in New Hampshire may bring about an earlier Cost of Government Day in the future. Happy Cost of Government Day to the Granite State!