Did you know Idaho has enough money to pay all of its bills, including public employee retirement benefits?
Yep, according to TruthinAccounting.org Idaho is one of only ten states that can pay all of its bills. In fact, Idaho has a surplus of $2,700 for each Idaho tax payer.
Compare that with Texas, which cannot pay all of its bills and is in debt -$10,100 for each Texas tax payer.
Or, California, which is in debt -$22,000 per California Tax payer!
What did Idaho do with some of that surplus tax dollars? IT CUT TAXES!
The Idaho Department of Commerce recently proclaimed:
On March 12, 2018, Idaho Governor C.L. Butch Otter signed House Bill 463. House Bill 463 reduced both personal and corporate income tax rates. Each personal income tax bracket was reduced by 0.475 percent. The corporate income tax rate was also reduced by 0.475 percent, resulting in a new rate of 6.925 percent, down from 7.4 percent.
Idaho, one of the few states with a fiscally responsible government. Another reason we claim you can Live Better in North Idaho.
See other reasons to consider North Idaho here
Written by Kory Martinelli - Owner/Realtor for The Martinelli Realty Team Professional Realty Services Idaho