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New Mexico is the Third Biggest Net Receiver of Federal Spending in 2013

Nov 07, 2015

 

New Mexico Federal Tax and Spend Ratio Infographic FY 2013.jpg

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In the course of collecting taxes and spending money, the federal government inevitably creates “winners” and “losers” across the American landscape. In Fiscal Year (FY) 2013, New Mexico is the third biggest net receiver of federal spending relative to federal taxes paid.

 

 

 

As shown in Chart 1, New Mexico paid $7,916 per person in federal taxes in FY 2013—this was -26 percent below the national average ($10,722 per person) and ranked as the 8th lowest level in the country.

 

 Chart 1 New Mexico Federal Taxes Per Capita by State Fiscal Year 2013.jpg

 

Federal Taxes by Type in FY 2013:

 

 

  • Corporate Income Tax: The federal corporate income tax paid in New Mexico was $684 per person—this was below the national average of $865 per person by -21 percent and ranked as the 7th lowest in the country.

 

  • Payroll Tax: The federal payroll tax paid in New Mexico was $2,451 per person—this was below the national average of $2,998 per person by -18 percent and ranked as the 8th lowest in the country.

 

  • Excise Taxes: Federal excise taxes paid in New Mexico was $308 per person—this was above the national average of $266 per person by 16 percent and ranked as the 7th highest in the country.

 

  • Estate and Gift Taxes: Federal estate and gift taxes paid in New Mexico was $27 per person—this was below the national average of $60 per person by -55 percent and ranked as the 14th lowest in the country.

 

  • Custom Duties: Federal custom duties paid in New Mexico was $84 per person—this was below the national average of $101 per person by -17 percent and ranked as the 7th lowest in the country.

 

  • Miscellaneous Taxes: Federal miscellaneous taxes paid in New Mexico was $270 per person—this was below the national average of $325 per person by -17 percent and ranked as the 7th lowest in the country.

 

  • Deficit: The federal deficit, which is deferred taxation, accrued in New Mexico was $1,505 per person—this was below the national average of $1,944 per person by -23 percent and ranked as the 17th lowest in the country.

 

On the other hand, as shown in Chart 2, New Mexico received $13,377 per person in federal spending in FY 2013—this was 25 percent above the national average ($10,722 per person) and ranked as the 6th highest level in the country.

 

 Chart 2 New Mexico Federal Spending Per Capita by State Fiscal Year 2013.jpg

 

Federal Spending by Type in FY 2013:

 

  • Retirement and Disability: Federal retirement and disability payments (for example, Social Security and Medicare) in New Mexico was $3,677 per person—this exceeded the national average of $3,318 per person by 11 percent and ranked as the 19th highest in the country (see our unique app showing federal pension data).

 

  • Other Direct Payments: Federal other direct payments (for example, the Earned Income Tax Credit) in New Mexico was $2,049 per person—this was below the national average of $2,500 by -18 percent and ranked as the 17th lowest in the country.

 

  • Grants to State and Local Governments: Federal grants to state and local governments (for example, Medicaid) in New Mexico was $2,511 per person—this exceeded the national average of $1,811 by 39 percent and ranked as the 6th highest in the country.

 

  • Procurement: Federal procurement (for example, Department of Defense) in New Mexico was $3,261 per person—this exceeded the national average of $1,337 by 144 percent and ranked as the 3rd highest in the country.

 

 

  • Interest on National Debt: Federal interest paid on the national debt in New Mexico was $549 per person—this was below the national average of $699 by -21 percent and ranked as the 13th  lowest in the country.

 

Overall, #New Mexico receives $1.69 in #federalspending for every $1.00 sent to Washington, D.C. in #federaltaxes. (Click to Tweet) As shown in Chart 3, New Mexico’s federal tax and spend ratio is the third highest in the country.

 

 Chart 3 New Mexico Federal Tax and Spending Ratios by State Fiscal Year 2013.jpg

 

Of course, federal taxes paid and federal spending received do not flow evenly throughout the state. As such, we have also calculated the federal tax and spending ratios for every county in New Mexico—though this was based on slightly older FY 2010 data.

 

 

 

The top ten New Mexico counties with the highest federal tax and spending ratios include:

 

  • Los Alamos County, NM ($6.52)
  • Mora County, NM ($3.62)
  • Hidalgo County, NM ($3.53)
  • Guadalupe County, NM ($3.49)
  • Sierra County, NM ($2.59)
  • San Miguel County, NM ($2.52)
  • Quay County, NM ($2.51)
  • McKinley County, NM ($2.49)
  • Otero County, NM ($2.28)
  • Curry County, NM ($2.26)

 

The bottom ten New Mexico counties with the lowest federal tax and spend ratios include (only 2 counties receive less in federal spending than they pay in federal taxes): 

 

  • Sandoval County, NM ($0.61)
  • Lea County, NM ($0.86)
  • Valencia County, NM ($1.04)
  • San Juan County, NM ($1.08)
  • Eddy County, NM ($1.17)
  • Lincoln County, NM ($1.19)
  • Torrance County, NM ($1.30)
  • Santa Fe County, NM ($1.48)
  • Chaves County, NM ($1.51)
  • Dona Ana County, NM ($1.55)

 

More county detail for New Mexico is shown in the color-coded map below.

 

Note: The data is based on the federal fiscal year that runs from September 1 to October 30.

 

Click here to view our full federal tax and spending data app with details by state, by county, by type of tax and spending, and over time.

 

 New Mexico Federal Tax and Spending Ratios by County FY 2010.jpg

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Wendy Warcholik

Dr. Wendy P. Warcholik has worked in public policy for nearly 20 years. She is currently the Director of the Family Prosperity Initiative at the American Conservative Union Foundation. She has also been at the Bureau of Economic Analysis, The Tax Foundation, and The Oklahoma Council of Public Affairs. She received her PhD in Economics from George Mason University (Fairfax, VA).


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