If you go to the link provided below and choose a year, a
very well organized and easy to follow summary will come up. The summary breaks
up every type of tax the government implements with a clear definition of that
type of tax. The summary also provides information on which states are the highest contributors
to that tax and the government’s
tax revenue in general. Since the Census Bureau
provides summaries for years 1992-2011, it may be interest to compare two summaries
and see what types of taxes increased or decreased in certain states over the
years.
I tried to attach actual examples of summaries, but the data would not upload correctly.
From browsing through this material I found out that " State government tax collections decreased $14.3 billion to $704.6 billion in fiscal year 2010". $14.3 billion dollars seems like a ton of money, however as be have talked about before in class, tax cuts to the wealthy minority do not seem to trickle down and stimulate the economy like they are envisioned to do. And even though this number seems like a lot, there was a decrease of $65.8 billion in state tax revenue in 2009. A better solution needs to be thought up.
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