Download - US Tax Collection
Maribel T. PierceBus 299-02 Spring 13
US Tax Collection
The purpose of this project is to review the tax collections within the United States, providing information form different sectors while making comparisons from five different states as well as their population and debt.
Introduction
2012 Tax Comparison
As you can see California has 5 out of 8 tax categories that are the highest within the 5 comparisons. Wyoming has the lowest tax collection for all of the specified tax categories
2011 Tax Comparison Tax Category United States 2011 Arizona 2011 California 2011 New York 2011 Texas
2011Wyoming
2011
Total taxes $760,259,286 $12,265,219 $116,695,284 $67,945,152 $43,146,096 $2,461,977
General sales and gross receipts $235,939,298 $5,874,113 $30,996,372 $11,581,018 $21,793,858 $862,805
Alcoholic beverages $5,728,581 $63,365 $334,178 $230,074 $871,147 $1,680
Motor fuels $39,883,017 $774,633 $5,705,527 $1,609,423 $3,108,416 $70,176
Tobacco products $17,250,498 $327,800 $905,245 $1,613,010 $1,501,797 $26,123
Income taxes $300,692,124 $3,423,894 $60,122,035 $40,224,844 $0 $0
Individual income $259,309,028 $2,863,658 $50,508,441 $36,209,216 $0 $0
Corporation net income $41,383,096 $560,236 $9,613,594 $4,015,628 $0 $0
Again in 2011, California is the leading Tax Collector, collecting more taxes than any of the other states 5 out of 8, while Wyoming continues to be the lowest
Total
Taxes
Gener
al sa
les an
d Gro
ss R
eceip
ts
Alcoh
olic b
ever
ages
Motor F
uels
Toba
cco p
rodu
cts
Incom
e Tax
es
Indivi
dual
Incom
e
Corpo
ratio
n net
incom
e
$(30,000,000)
$(25,000,000)
$(20,000,000)
$(15,000,000)
$(10,000,000)
$(5,000,000)
$-
$5,000,000
$10,000,000
$15,000,000
$20,000,000
Tax Difference Between Both Years
Arizona ComparisonCalifornia ComparisonNew York ComparisonTexas ComparisonWyoming Comparison
Tax Categories
Tax
Amou
nt
AnalysisAnalysis
US Arizona California New York Texas Wyoming
Population 311,591,917 6,497,630 37,810,046 19,525,831 25,782,562 568,615
Percentage of US Population 100% 2.09% 12.13% 6.27% 8.27% 0.18%
Debt Per Capita $53,331 $7,735 $10,784 $17,338 $10,760 $3,939
Debt $16,842,676,000,000 $50,188,271,000 $407,358,845,000 $338,423,368,500 $27,693,492,000 $2,235,289,000
Debt Payment Efforts $70,832,320,602.48 $211,068,104.73 $1,713,158,426.21 $1,423,248,451.55 $116,465,715.06 $9,400,567.17
CONCLUSION
The more money collected, the more money spent,
more debt accumulation !
(2013). California state budget. Retrieved May 8, 2013 from website: http://www.ebudget.ca.gov
State of Wyoming - a&i budget division. (n.d.). Retrieved from http://ai.state.wy.us/budget/index.asp
Telles, R. (2012, April 12). State government tax collections summary report: 2011. Retrieved from http://www2.census.gov/govs/statetax/2011stcreport.pdf
Resources