Fresh off “do nothing” legislative session New Mexico rated dead last on taxpayer ROI by Wallethub

With billions of dollars in annual surpluses and $61 billion locked up in sovereign wealth funds, New Mexico’s political leaders should be remaking the State’s economy and using their prodigious assets (financial and natural) to bring diversity and prosperity to the State. Sadly, New Mexico remains stagnant failed by poor governance.

According to the latest Wallethub report New Mexico has the very worst ROI (Return on Investment) from the taxes its citizens pay in taxes. The BEST ROI’s are New Hampshire, Florida, and South Dakota. Hawaii, Alaska, and California have the worst ROI’s after New Mexico.

Check out New Mexico’s position in the upper right quadrant of this chart. While it claims New Mexico has “low” taxes per capita, oil and gas taxes are not included which makes New Mexicans’ tax burdens look artificially lower than other states.