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Earning, Taxing, Spending, Saving: Tracking South Dakota Incomes, Matthew Berg
Earning, Taxing, Spending, Saving: Tracking South Dakota Incomes, Matthew Berg
Schultz-Werth Award Papers
When tracking the flow of personal incomes, four groupings of expenditures emerge: taxes, fixed expenses, saving, and consumption. This cross-sectional study of 2016 data highlights the differences in these areas across the sixty-six South Dakota counties and between various levels of income to illustrate the income flows among South Dakota residents. Using data primarily from the Internal Revenue Service, several important patterns and statistics arise. In South Dakota, the average statewide income per capita was about $32,127. Individuals in metropolitan counties received the highest average incomes per capita, and individuals in counties with the lowest population densities had the lowest. …