Rapids on the Clearwater River
This month, we travel west to Idaho, the 14th largest state in the U.S. Known for its mountainous landscapes, vast swaths of protected wilderness and outdoor recreation areas, Idaho is bigger than all of the New England states combined. Boise, the capital and largest city, is set in the Rocky Mountain Foothills and is bisected by the Boise River, a popular destination for rafting and fishing.
Although Idaho is best known for its great fishing, other outdoor recreational adventures attract people to mountain biking at the Schweitzer Mountain Resort, and jet boating on the Snake River. Rafting and Kayaking are also popular activities. Idaho is ranked number one in the U.S. and in the world for whitewater adventures by Outdoors Magazine. And for something on the calmer side, excellent golf courses await throughout Idaho. Idaho has more than 100 golf courses nestled amongst the gorgeous Idaho landscape.
Idaho is a prominent agricultural state. Nearly one third of the nation’s potatoes are grown in the state. Additionally, all three varieties of wheat are grown in Idaho: dark northern spring, hard red and soft white. But Idaho is more than outdoor recreation and farming. Some major industries include food processing, lumber and wood products, machinery, chemical products, paper products, electronics manufacturing, silver and other mining and tourism.
Recently, Idaho expanded its commercial base as a tourism and agricultural state to include the science and technology industries. Science and technology have become the largest single economic center (over 25 of the state’s total revenue) within the state and are greater than agriculture, forestry and mining combined.
Idaho is the 10th highest of states in the U.S. that levy an income tax. Idaho’s individual income tax system consists of seven brackets with a top rate of 7.4%. Corporations based in Idaho must pay a corporate income tax at a flat rate of 7.4%. Among all of the states in the country, this corporate rate is the 19th highest. Continue reading