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Vermont and New Hampshire may be geographic twins, but they are fiscal opposites.
Vermont (right-hand flag) had the highest state tax burden per person in the nation this past fiscal year, while New Hampshire (left-hand flag) was third from the bottom, according to Census Bureau data reported this week by a great website called stateline.org . (For the original Census report, click here.)
Taxpayers in Vermont are screaming in pain after a two-thirds increase in receipts from the statewide property tax. One resort town threatened to secede.
Makes you wonder: Since Vermont and New Hampshire are separated by nothing more than the Connecticut River, why don’t more Vermonters move across the border to save on taxes?
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.