Wednesday, September 30, 2009

WSJ "Falling Tax Revenue Slam States"

In Q2 state tax revenue was down 17%. In Arizona, overall tax revenue fell 27% in Q2. It fell 12% in Florida and 14% in California. New York and Wisconsin saw personal income taxes fall more than 30%

The biggest source in drops in state revenue was from state income tax, which was down 28% from a year ago. State sales tax revenue fell 9%

WSJ 9/30/09 page A4.

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