personal income taxes

COVID-19 Pandemic Could Slash 2020-21 State Revenues By $200 Billion

Revised forecast data from 27 states suggest tax revenues are expected to fall $34 billion short of pre-COVID-19 forecasts in fiscal year 2020.

July 1, 2020Lucy Dadayan

State and Local Issues: TaxVox

COVID-19 And Government Actions Caused State Tax Revenues To Plunge In April

States and localities across the country are facing an unprecedented fiscal situation from the economic shock of the COVID-19 pandemic. Governors are confronting drastically falling...

June 1, 2020Lucy Dadayan

: TaxVox

Fiscal 2019 Was A Strong Revenue Year For Most States But 2020 May Be Less Robust

State revenue growth was strong in fiscal year 2019 (July-June for 46 of the 50 states), but not as robust as in 2018. And temporary...

October 14, 2019Lucy Dadayan

: TaxVox

Tax States of the States: Mixed, Murky and Sometimes Mercurial

Governor LePage wants big tax cuts for Maine. Republican Paul LePage’s new budget proposal would cut the top income tax rate by 2.2 percentage points to 5.75 percent, and apply it to single tax filers with incomes over $50,000, instead of the current threshold of $21,200. The plan would cut

January 12, 2015Renu Zaretsky