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1 Arthur P. Hall, State Tax Rates and 1994 Collections 1 (1995)

handle is hein.taxfoundation/srfaxz0001 and id is 1 raw text is: TAX r, MM FOUNDATION June 1995 Number 50 State Tax Rates and 1994 Collections /0' ,4thur P. Hall, Pb).D. State tax and fcc collections grew by 8 3 collections. 1tble I reports that, for the Senior Iconomnist percent betwccn 1993 and 1994. '['he growth nation, state collections grew 0.88 percent lax Fo judtioji in inflation-adjusted tax collections continues aster than personal income. '[hat growth a trend that began more than a decade ago. rate compares with an inflation-adjusted (fgure / charts the growth over the past decade-long average of 17 1 percent. decade.) Jable 5 reports that the three fastest lowevr, the growth rate of state tax growing categories of state collections were collections relative to personal income growth license fees (33.1 percent), property taxes varies substantially from state to state, From (10.6 percent), and corporate income taxes 1993 to 1994, the livc states that had the (9.9 percent). Total 1994 state-by-state highest tax growth relative to personal collections, along with the distribution by type income growth were New Hampshire, South of tax, are reported in lable 6. Dakota, l)elaware, Utah, and Mississippi. The On averagc, economic growth in 1994 five states that had the highest personal income accounted for almost atll ol the growth in state growth relative to tax growth were Alaska, Rhode Island, Louisiana, Pennsylvania, Figure I and Vermont. Figure 1The grow th of taxes relative to income To)tal State Gotvernment 7Tx Collections, Fiscal Years 198-4- 1994 Tegot ttxsrltv oicm does not necessarily correlate with the overall $400 tax burden in a state. Table 4 shows that New lampshire has the second lowest tax burden per $ 1,000 of personal income despite the fact $350 Cr that it recorded the fastest tax growth between Constant .... 8r4do.11 1993 and 1994. Alaska showed the slowest tax $300 growth but has the highest state tax burden. However, Alaska, because of its large tax collections from oil production, is a unique case. (I Washington, ).C. were a state, it o would have the highest ranking tax burden.) 6 $200 Table 4 also shows that various tmcasurements of the tax burden can differ $150 substantially, For example, both Mississippi and New jersey show an equally large disparity between their per-capita and per-$1,000-of-per- $100 sonal-ineome rankings. But the opposite direction of the disparities can be explained by $50 the per capita income levels of the two states. Mississippi is ranked 36th in terms of tax burden per capita, but is ranked 8th in terms $0 .of tax burden per $ 1,000 of personal income. 00 0 o 0 0 0 0) a) 0) 0) a 2 go 2 Mz ,New Jersey is ranked 10th in per capita tax Source: Tix Fouindation. burden, but 38th in terms of tax burden per $1,000 of personal income.

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