Paul L. Caron
Dean


Thursday, April 28, 2005

Census Bureau Reports Gushing State Tax Collections

The U.S. Census Bureau today released data on 2004 state tax collections:

  • State tax revenues increased 8.1% to $593 billion (up $44 billion from 2003)
  • All 50 states increased their tax take
  • The two biggest sources of state tax revenues:
    • Sales taxes up 7.5% to $198 billion
    • Individual income taxes up 8.5% to $197 billion
  • The biggest tax increases:
    • Documentary and stock transfer taxes up 26%
    • Severance taxes up 18%
    • Occupational and business license taxes up 16%
  • Per capita taxes collected by states averaged $2,024
    • Highest per capita taxes:
      • Hawaii:  $3,048
      • Wyoming: $2,968
      • Connecticut:  $2,937
      • Minnesota:  $2,889
      • Delaware:  $2,862
    • Lowest per capita taxes:
      • Texas:  $1,367
      • South Dakota:  $1,378
      • Colorado:  $1,533
      • New Hampshire:  $1,543
      • Alabama: $1,549

For the complete data, see here, including:

https://taxprof.typepad.com/taxprof_blog/2005/04/census_bureau_r.html

Gov't Reports | Permalink

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