Better-Than-Expected State Tax Collections Highlight Importance of Income Taxes: "State revenues—especially income tax collections—are beginning to recover from the worst recession since the 1930s, but they still have a long way to go.
At least 28 states have reported that tax collections for the just-ended fiscal year will exceed the amount expected when their budgets were adopted last spring. In 23 of those states, the improvement is driven by gains in income tax collections—a result of rapid increases in the incomes of wealthy …"
At least 28 states have reported that tax collections for the just-ended fiscal year will exceed the amount expected when their budgets were adopted last spring. In 23 of those states, the improvement is driven by gains in income tax collections—a result of rapid increases in the incomes of wealthy …"
Comments