Sunday, March 28, 2010

State tax collections down $67B in ’09

State government tax collections in 2009 totaled $715.2 billion, down 8.6 percent — or $66.9 billion — from 2008.

The U.S. Census Bureau’s 2009 Annual Survey of State Government Tax Collections also showed that taxes on individual income totaled $245.9 billion, an 11.8 percent decrease, while general sales taxes were $228.1 billion, down 5.4 percent. Corporate net income taxes — which made up 71.9 percent of all state government tax collections nationally — totaled $40.3 billion, down 20.7 percent.

Florida took in $31.95 billion in total taxes in 2009, including $19.2 billion in general sales taxes and $1.83 billion in corporation net income taxes.

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