Reports: State income levels plunge: "Personal income taxes paid to the states plummeted 26 percent, or $28.8 billion, in the first four months of 2009, compared with the same time period last year, the Nelson A. Rockefeller Institute of Government said in its June 18 report."
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That is a huge loss of revenue for most states.
1 comment:
One thing that Florida has in its favor, I guess--no state income taxes = no lost income tax revenue. Of course it also means no income tax revenue.
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