Mixed news, but nothing surprising.
Individual Income Tax 12/09 v. 12/08, up 3.8%
BUT:
Year-over-year Individual Income Tax collections down 5.4%.
(Both above using "adjusted" figures.)
Sales Tax down 0.6% 12/09 v. 12/08
AND:
Sales tax down 7.5% Year over year.
Corporate income tax up 1.1% 12/09 v. 12/08
AND:
Corpoate income tax up 9% Year over year.
Grand totals:
Total Tax Revenues up 3.0% 12/09 v 12/08, BUT Down 4.4% year-over-year
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2 comments:
Guess the top bracket should start pulling its weight.
The link might be useful: http://bit.ly/8GxFdD
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