Plunging Personal Income Tax Revenues Slam State Budgets In April

This April, personal income tax revenue fell by an average of 9.88 percent compared to the same period last year in the 32 states for which Reuters has data (Puerto Rico as well). April is the most important revenue month for states because it contains the tax filing deadline and taxpayers tend to wait until the last minute to pay any taxes that may be owed from the prior year.

This post was published at Zero Hedge on 05/26/2016.