Rebounding economy fills state coffers with record tax revenues: "State governments collected more than $846 billion in tax revenue in the last fiscal year, the highest amount ever reported, as a rebounding economy boosted coffers hit hard by the recession.
The Census Bureau reported Tuesday that states collected $309 billion in individual income taxes last year, a 10 percent increase over the previous fiscal year. Income taxes make up more than a third of total state tax revenues. Corporate income tax collections rose to $45 billion, up almost 8 percent from the year before."
'via Blog this'
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