New Hampshire remains a small state with great ambitions. The state is
growing market of +1 million consumers.
Its
agricultural outputs are dairy products, nursery
stock, cattle, apples and eggs. Its
industrial outputs are machinery, electric equipment, rubber and plastic
products and tourism.
The issue of
taxation is controversial in New Hampshire, which has
a property tax (subject to municipal control) but no broad sales tax or income
tax. The state does have narrower taxes
on meals, lodging, vehicles, business and investment income, and tolls on
state roads.
According to
the Energy Information Administration, New
Hampshire's energy consumption and per capita energy consumption are among the
lowest in the country.
The Seabrook
Station Nuclear Power Plant, located near Portsmouth, is
the largest nuclear reactor in New England and provides about 30 percent of New
Hampshire's electricity.
New
Hampshire has potential for renewable energies like wind
power, hydroelectricity, and wood fuel.
The state
has no general sales tax and no personal state income tax (the state does tax, at a 5 percent rate, income from dividends and
interest), and the legislature has exercised fiscal restraint. Efforts to
diversify the state's general economy have been ongoing.
According to
a 2013 study by Phoenix Marketing International, New
Hampshire had the eighth-highest number of millionaires per capita in the
United States, with a ratio of 6.48 percent.
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