TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

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

TrackBack URL for this entry:

https://www.typepad.com/services/trackback/6a00d8341c4eab53ef00d83545ba4c69e2

Listed below are links to weblogs that reference Census Bureau Reports Gushing State Tax Collections: