Monday, June 22, 2009

Reports: State income levels plunge

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."
That is a huge loss of revenue for most states.

1 comment:

Beth said...

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.