Maryland

Maryland

2014 ALEC-LAFFER STATE ECONOMIC COMPETITIVENESS INDEX

31
8% 6% 4% 2% 0% -2% -4%

Economic Performance Rank

34
53.7% Rank: 18
MD U.S. Variable

Economic Outlook Rank

Economic Performance Rank (1=best 50=worst)

A backward-looking measure based on the states performance (equal-weighted average) in the three important performance variables shown below. These variables are highly influenced by state policy.

Economic Outlook Rank (1=best 50=worst)

A forward-looking forecast based on the states standing (equal-weighted average) in the 15 important state policy variables shown below. Data reflect state and local rates and revenues and any effect of federal deductibility.
Historical Ranking Comparison
2008 2009 2010 2011 2012 2013

State Gross Domestic Product

Cumulative Growth 2002-2012

ECONOMIC OUTLOOK RANK

28 28 29 21 20 35
Data 8.95% 8.25% $6.95 $28.27 $13.08 $17.91 Yes $1.15 6.4% 528.2 Rank 43 35 23 19 8 25 50 46 11 23

Top Marginal Personal Income Tax Rate Top Marginal Corporate Income Tax Rate
(change in tax liability per $1,000 of income)

Personal Income Tax Progressivity Property Tax Burden Sales Tax Burden

03

04

05

06

07

08

09

10

11

12

(per $1,000 of personal income)

Absolute Domestic Migration

Cumulative 2003-2012
10 5 0 -5 -10 -15 -20 -25 -30 -35 -40

-123,674

Rank: 42

(per $1,000 of personal income)

(in thousands)

Remaining Tax Burden

(per $1,000 of personal income)

Estate/Inheritance Tax Levied? Recently Legislated Tax Changes

(2012 & 2013, per $1,000 of personal income)

Debt Service as a Share of Tax Revenue Public Employees Per 10,000 of Population (full-time equivalent) State Liability System Survey
(tort litigation treatment, judicial impartiality, etc.)

03

04

05

06

07

08

09

10

11

12

Non-Farm Payroll Employment

Cumulative Growth 2002-2012
3% 2% 1% 0% -1% -2% -3% -4% -5% -6%

58.3

33

4.4%

Rank: 22
MD U.S.

(federal floor is $7.25)

State Minimum Wage

$7.25 $1.68 No 0

1 17 50 34

Average Workers Compensation Costs

(per $100 of payroll)

(option to join or support a union)

Right-to-Work State?

Number of Tax Expenditure Limits 03 04 05 06 07 08 09 10 11 12

(0= least/worst 3=most/best)

www.alec.org