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Tax Revenues Fall in 45 States

The Tax Foundation reports today that state tax revenues fell 8.9% in 2009 from 2008, with 45 states collecting less tax revenues.  (In contrast, federal tax revenues fell 16.6% in 2009.)  State revenues fell in four of the five taxes:

  1. Property Tax: +3.6%
  2. Selective Sales Tax: -2.7%
  3. General Sales Tax: -5.5%
  4. Individual Income Tax: -12.5
  5. Corporate Income Tax: -23.1%

Overall state tax revenues increased in only five states:

  1. South Dakota: 0.9%
  2. Iowa: 1.3%
  3. Oregon: 1.9%
  4. North Dakota: 4.3%
  5. Wyoming: 13.9%

The states with the biggest tax revenue declines were:

  1. Alaska: 51.9%
  2. Arizona: 19.7%
  3. South Carolina: 16.8%
  4. New Mixico: 15.1%
  5. California: 15.0%
  6. Idaho: 14.1%
  7. Virginia: 12.8%
  8. Connecticut: 12.1%
  9. New Jersey: 11.9%
  10. Utah: 11.9%
  11. Georgia: 11.7%
  12. Massacusetts: 11.7%
  13. Florida: 11.5%
  14. North Carolina: 10.6%
  15. Colorado: 10.3%
  16. Tennessee: 10.0%


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