Gee. A Friday release from DofR. What could that mean?
FY09 to FY10 comparisons, YTD, adjusted figures:
Individual Income off 2.9%
General Sales Tax off 4.5%
Corporate up 40.2%
Excise up 17.2%
Total tax revenue off 0.5%
Individual income and General Sales are the Big Kahuna revenue items--all others are piddle.
The "excise" category includes cigarette taxes, which were raised substantially last year. "Corporate" is up partially due to new tax legislation, as well.
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