BEA: Oklahoma's Economy Grew By 2.1% in 2012

The U.S. Bureau of Economic Analysis announced this morning that Oklahoma's economy grew by 2.1% in 2012--the 22nd fastest pace in the nation. The top six states last year were:
1. North Dakota (13.38%)
2. Texas (4.82%)
3. Oregon (3.95%)
4. Washington (3.63%)
5. Minnesota (3.55%)
6. California (3.47%)

Given the claims we've heard incessantly in recent years that states with low personal income tax rates grow faster than states with high rates, it's interesting to see how Oklahoma's income tax rates compare to these six states:

1. North Dakota (3.99%)
2. Texas (0.00%)
3. Oregon (9.99%)
4. Washington (0.00%)
5. Minnesota (7.85%)
6. California (12.3%)
21. Oklahoma (5.25%)

Now, I'm not saying that tax rates don't matter. But I am saying that tax rates don't matter much compared to many other factors.