No that couldn’t possibly be the reason why North Dakota was the only state to gain jobs. Cutting taxes may, just may help create jobs. I know who would have thought that cutting the taxes of those who create jobs would allow them keep more money so they could create more jobs.
North Dakota Individual Income Tax, 2009
Single Person
| Income Bracket | Pre-Cut Rate | Post-Cut Rate |
| >$0 | 2.10% | 1.84% |
| >$33,950 | 3.92% | 3.44% |
| >$82,250 | 4.34% | 3.81% |
| >$171,550 | 5.04% | 4.42% |
| >$372,950 | 5.54% | 4.86% |
Married Filing Jointly & Surviving Spouse
| Income Bracket | Pre-Cut Rate | Post-Cut Rate |
| >$0 | 2.10% | 1.84% |
| >$56,750 | 3.92% | 3.44% |
| >$137,050 | 4.34% | 3.81% |
| >$208,850 | 5.04% | 4.42% |
| >$372,950 | 5.54% | 4.86% |
North Dakota Corporate Income Tax, 2009
| Bracket | Post-Cut Rate |
| >$0 | 2.10% |
| >$25,000 | 5.25% |
| >$50,000 | 6.40% |
It was a modest tax cut, but with this economy any tax cut helps. Perhaps the beltway folks will figure this out, but I’m not going to hold my breath.
