Not surprisingly, you will not find Texas or Alaska mentioned in this article on busted state budgets and rising state tax burdens:
nytimes.com
But then Alaska isn't a state in the customary sense... being a glorified company town for the oil industry with a boom/bust fishing industry as a supplement.
Meanwhile Texas is rolling in money from the gun/drug/slave trades on top of remaining a major teat of the global oil industry's American cash cow. Even without all the DoD business and Ag Industry welfare these suckers lap up they'd be making out like bandits in this environment.
Meanwhile we have these Republican/Libertarian mutants in both jurisdictions are being sent to Washington by their respective corporate pimps, where they rail against every tax known to man... save those paid by 90% of the individual wage earners.
There must be some kind of mass hysteria... hypnosis... hypocrisy... hypoglycemia... something nasty being done to the people in these two states to cause them to lose all self-awareness and recognition of the huge railroad tie being shoved up their tender nether regions. No wonder they like water boarding... It's just another form of Trickle Down problem solving for them:
State Revenue Actions
Recommended net tax and fee changes would result
in $726 million in additional revenue based on
governors’ recommended fiscal 2009 budgets. For
fiscal 2009, sixteen states recommend net decreases
while eleven states recommend net increases.
Other findings include:
* The number of states experiencing revenue
shortfalls increased in fiscal 2008. Revenues from
all sources which include sales, personal income,
corporate income and all other taxes and fees
exceed expectations in fifteen states, are on target
in fourteen states, and are below expectations in
twenty states. This is a contrast to the previous
year when only eight states reported revenue
collections lower than estimates.
* Fiscal 2008 estimated tax collections of sales,
personal income, and corporate income are
1.7 percent higher than actual fiscal 2007
collections. This average contains a range of
performance with considerable weakening of
the sales tax and a decrease in corporate tax
collections, while personal income tax
collections had the strongest performance of the
three major sources. Specifically, sales tax
collections are 1.5 percent higher and personal
income tax collections are 3.3 percent higher.
Corporate income tax collections are 5.5 percent
lower for current fiscal 2008 estimates relative to
actual fiscal 2007 collections. Within state
budgets, 40 percent of general fund revenue is
from the personal income tax, 33 percent is from
the sales tax, and 8 percent is from the corporate
tax with the rest from various other sources.
* States are projecting a growth of 4.4 percent in
tax collections for fiscal 2009 recommended
budgets relative to fiscal 2008 current year
estimates. Compared to fiscal 2008 collections,
recommended fiscal 2009 budgets reflect a
3.2 percent increase in sales tax revenue,
5.4 percent increase in personal income tax
revenue, and a 3.9 percent increase in corporate
income tax revenue.
nga.org
0|0 |
