- All Articles State Revenues
Personal Income Tax Much More Volatile Than Economy December 8, 2014
The state government's largest revenue source, the personal income tax, is much more volatile than "personal income," one key economic statistic that measures the overall size of the economy.
Income Taxes $1.6 Billion Over Budget Projections Through Nov. 30 December 5, 2014
Most months, we will provide updates on California state tax revenue collections. These updates will come in several waves as information becomes available. In this post, we discuss November 2014 personal and corporate income tax collections.
"Top 1 Percent" Pays Half of State Income Taxes December 4, 2014
In 2012, for perhaps the first time in state history, the top 1% of the state's tax filers paid slightly over half of the state's personal income taxes.