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1 J. Scott Moody, State Tax Collections and Rates: Four States Cut Individual Income Taxes across the Board While Five Others Raise Cigarette Taxes 1 (1999)

handle is hein.taxfoundation/srifxz0001 and id is 1 raw text is: TA X0%iiiiii FOUNDATION March 1999 No. 85 State Tax Collections and Rates Four States Cut Individual Income Taxes Across the Board While Five Others Raise Cigarette Taxes State Tax Collections in 1997 State tax and fee collections grew by 5.9 per- cent between 1996 and 1997. The growth in inflation-adjusted tax collections continues a trend that began more than a decade ago (see Figure 1 and Table 1). The fastest growing category of state col- lections was estate and gift taxes which rose 11.4 percent (see Table 1). Other taxes, a catch-all category that includes amusement sales, pari-mutuel sales, documentary & stock transfer taxes and miscellaneous taxes (mostly other sales taxes), were up 11 percent. Indi- vidual income taxes rose more rapidly than usual at an 8.1 percent clip in 1997. Total state- by-state collections for 1997, along with the distribution by type of tax, are reported in Table 2. State Tax Collections Compared to Personal Income During the past decade, state govern- ments' tax collections have grown faster than Figure 1 Total State Tax Collections Fiscal Years 1987-1997 ($Billions, Current Dollars and Constant 1987 Dollars) Current Dollars E Constant 1987 Dollars $450 $400 $350 $300 $250 $200 $150 $100 $50 0 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 Source: Department of Commerce, Bureau of the Census. ByJ Scott Moody Economist Tax Foundation

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