David Kirkpatrick

May 29, 2009

Get ready for the long arm of the taxman …

… from your home state. Tax revenues from the states is down for Q1 this year, and unemployment is down in every state.

I haven’t linked to Paul Caron’s tax blog in a while and it’s my pleasure to provide these numbers from TaxProf Blog:

The Nelson A. Rockefeller Institute of Government reported today that state tax revenues are down 12.6% in the first quarter of 2009:

  • Corporate income tax:  -16.2%
  • Personal income tax:   -15.8%
  • Sales tax:  -7.6%

The decline was biggest in the Far West (-18.1%) and smallest in the Plains (-5.0%).  Here are the states with the ten biggest and smallest declines in tax revenues:

1 Alaska

-74.1%

2 Arizona

-20.8%

3 Georgia

-19.3%

4 Oregon

-19.1%

5 New Jersey

-18.9%

6 New York

-17.1%

7 North Carolina

-17.1%

8 Massachusetts

-16.8%

9 Colorado

-16.5%

10 Hawaii

-16.2%

   

 

  United States

-12.6%

   

 

1 Iowa

+5.6%

2 South Dakota

+3.8%

3 Arkansas

-0.2%

4 North Dakota

-0.4%

5 Alabama

-1.7%

6 Missouri

-3.3%

7 Delaware

-3.6%

8 Utah

-4.0%

9 Rhode Island

-4.2%

10 Wyoming

-4.3%

July 29, 2008

Tax plans from McCain and Obama

Filed under: Business, Politics — Tags: , , , , , , — David Kirkpatrick @ 12:20 am

If you’re looking for a one-stop center to compare and contrast the tax plans of the two presidential candidates, look no further.

TaxProf Blog, written by Paul Caron, gives you a starting point and then some.

(Hat tip: Megan McArdle)