Nebraska’s 10-year challenge

Ever wonder how much our state has changed when it comes to tax policy?  Well, in the spirit of Facebook’s ten-year challenge, here is Nebraska’s ten year tax challenge: 2009 to 2019.

Here are some things to keep in mind. Slight changes in our tax rates can change our national ranking.  For example, the individual income tax saw some slight changes and it helped our ranking by 7 spots.  But other states are constantly changing too, which is why some of our rates stayed the same yet our rank got better or worse.

For example, the sales tax rate is the same as it was ten years ago, but our national rank got worse. Corporate taxes also stayed the same, but our national rank got better.

And you can’t only look at ranks and rates – dollars collected and other fiscal measures are important too.  For example, Nebraska’s debt per person went from 39th highest to 22nd highest in the nation (an increase of more than $2,700!).