Monday, March 30, 2009
Tweet[IWS] Census: 2008 STATE GOVERNMENT TAX COLLECTIONS [30 March 2009]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Census
2008 State Government Tax Collections
http://www.census.gov/govs/www/statetax.html
or
DATA for 2008
http://www.census.gov/govs/www/statetax08.html
Press Release
State Tax Collections Reach Nearly $784 Billion in 2008 [30 March 2009]
http://www.census.gov/Press-Release/www/releases/archives/governments/013508.html
State government tax collections totaled $781.8 billion in fiscal year 2008, a $24.5 billion (3.2 percent) increase from 2007, the U.S. Census Bureau reported today.
According to data from the < http://www.census.gov/govs/www/statetax.html> 2008 Annual Survey of State Government Tax Collections, taxes on individual income were $280.7 billion, up 5.1 percent; general sales taxes were $240.6 billion, up 0.9 percent; and corporation net income taxes were $51.8 billion, down 2.5 percent. These taxes made up 73.3 percent of all state tax collections nationally.
Severance taxes imposed for removal of natural resources (e.g., oil, gas, coal, timber, fish, etc.) were up $7.2 billion, or 65.3 percent, with the largest increases in the West and South. Documentary and stock transfer taxes incurred when recording, registering or transferring documents, such as mortgages, deeds or securities were down $2.5 billion, or 24.5 percent, with the largest decrease in the South.
These files and tables contain annual statistics on the fiscal year tax collections of all 50 state governments, including receipts from licenses and compulsory fees. Tax revenues also include related penalty and interest receipts of the governments.
These data do not include employer and employee assessments for retirement and social insurance purposes. Also not included are collections for the unemployment compensation taxes imposed by each of the state governments. In addition, these data include tax collections for state governments only; they do not include tax collections from local governments.
-X-
Although the data are not subject to sampling error, the statistics are subject to possible inaccuracies in classification, response and processing. Every effort is made to keep such errors to a minimum through care in examining, editing and tabulating the data.
The tax revenue data pertain to state fiscal years that ended June 30, 2008, in all but four states. Amounts shown for these four states reflect the different timing of their respective fiscal years, which were the 12-month periods ending on March 31, 2008, for New York; Aug. 31, 2008, for Texas; and Sept. 30, 2008, for Alabama and Michigan.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Census
2008 State Government Tax Collections
http://www.census.gov/govs/www/statetax.html
or
DATA for 2008
http://www.census.gov/govs/www/statetax08.html
Press Release
State Tax Collections Reach Nearly $784 Billion in 2008 [30 March 2009]
http://www.census.gov/Press-Release/www/releases/archives/governments/013508.html
State government tax collections totaled $781.8 billion in fiscal year 2008, a $24.5 billion (3.2 percent) increase from 2007, the U.S. Census Bureau reported today.
According to data from the < http://www.census.gov/govs/www/statetax.html> 2008 Annual Survey of State Government Tax Collections, taxes on individual income were $280.7 billion, up 5.1 percent; general sales taxes were $240.6 billion, up 0.9 percent; and corporation net income taxes were $51.8 billion, down 2.5 percent. These taxes made up 73.3 percent of all state tax collections nationally.
Severance taxes imposed for removal of natural resources (e.g., oil, gas, coal, timber, fish, etc.) were up $7.2 billion, or 65.3 percent, with the largest increases in the West and South. Documentary and stock transfer taxes incurred when recording, registering or transferring documents, such as mortgages, deeds or securities were down $2.5 billion, or 24.5 percent, with the largest decrease in the South.
These files and tables contain annual statistics on the fiscal year tax collections of all 50 state governments, including receipts from licenses and compulsory fees. Tax revenues also include related penalty and interest receipts of the governments.
These data do not include employer and employee assessments for retirement and social insurance purposes. Also not included are collections for the unemployment compensation taxes imposed by each of the state governments. In addition, these data include tax collections for state governments only; they do not include tax collections from local governments.
-X-
Although the data are not subject to sampling error, the statistics are subject to possible inaccuracies in classification, response and processing. Every effort is made to keep such errors to a minimum through care in examining, editing and tabulating the data.
The tax revenue data pertain to state fiscal years that ended June 30, 2008, in all but four states. Amounts shown for these four states reflect the different timing of their respective fiscal years, which were the 12-month periods ending on March 31, 2008, for New York; Aug. 31, 2008, for Texas; and Sept. 30, 2008, for Alabama and Michigan.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 9:15 AM
