About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 J. Scott Moody, State Tax Collections and Rates: Surpluses Prompt Eight States to Cut Individual Income Tax Rates; Five States Raise Excise Taxes on Gasoline or Cigarettes 1 (2000)

handle is hein.taxfoundation/srjfxz0001 and id is 1 raw text is: FOUNDATION March 2000 No. 95 State Tax Collections and Rates Surpluses Prompt Eight States to Cut Individual Income Tax Rates; Five States Raise Excise Taxes on Gasoline or Cigarettes State Tax Collections in Fiscal Year 1998 State tax and fee collections grew by 7.1 percent between FY 1997 and FY 1998. This growth in tax collections is substantial even when adjusted for inflation, and it continues a decade-long trend (see Figure 1 and Table 1). The fastest growing category of state col- lections was estate and gift tax collections which rose 17.4 percent (see Table 1). Indi- vidual income taxes rose rapidly at an 11.1 percent clip in FY 1998. Other taxes were up 9.8 percent. This is a catch-all category that includes amusement sales, pari-mutuel sales, documentary and stock transfer taxes and mis- cellaneous taxes (mostly other sales taxes). Total state-by-state collections for FY 1998, 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- Figure 1 Total State Tax Collections Fiscal Years 1988-1998 (Current Dollars and Constant 1988 Dollars in $Billions) $500 $450 $400 $350 $300 $250 $200 $150 $100 $50 SCurrent Dollars E Constant 1988 Dollars Source: Department of Commerce, Bureau of the Census. By J. Scott Moody Economist 'Fax Foundation

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most