Publication Date: July 2009
Publisher: Nelson A. Rockefeller Institute of Government
Author(s): Donald J. Boyd; Lucy Dadayan
Research Area: Banking and finance
Keywords: Corporate tax; Withholding; Sales Tax
Coverage: United States
Tax data tend to be noisy and require careful interpretation. This is particularly true of data for the January-March quarter, the focus of most of this report. While we report data from the Census Bureau in Tables 8, 9, 10, and 11, throughout much of the discussion that follows we describe tax revenue growth or declines after reflecting adjustments that we believe are essential for proper interpretation. Since early data from the second quarter of 2009 indicate further widespread declines in revenue, we also provide an initial look at currently available reports, which represent tax revenue data for 45 states for the April and May months.
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