Maribel T. Pierce

Bus 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

General sales and

Gross Re-

ceipts

Alco-holic

bever-ages

Motor Fuels

Tobacco prod-ucts

Income Taxes

Individ-ual In-come

Corpo-ration net in-come

Ari-zona Com-parison

708046 2192011 5014 122350 -8333 317819 230246 87573

Cali-fornia Com-parison

-4323021

-2690572

7

11822 -160997 -9568 2851400 4515994 -1664594

New York Com-parison

3600593 11288309

8858 -4696 18985 3115013 2562752 552261

Texas Com-parison

5450452 15638108

66467 70003 -32085 0 0 0

Wyoming Com-parison

89014 131362 62 -3733 -139 0 0 0

$(27,500,000)

$(22,500,000)

$(17,500,000)

$(12,500,000)

$(7,500,000)

$(2,500,000)

$2,500,000

$7,500,000

$12,500,000

$17,500,000

Tax Difference Between Both Years

Arizona ComparisonCalifornia ComparisonNew York ComparisonTexas ComparisonWyoming Comparison

Tax Categories

Tax A

mount

Analysis

Analysis

  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