Wednesday, March 30, 2011

Can this possibly be true.......?



















Mark Perry got his information to create the chart from the
Census Bureau here.  Looks like the trend line is fairly steady,
even if the volatility is increasing.  Perry concludes his post:

"The rising tax revenues at the state and local levels to
all-time record highs might suggest that the many states
with budget deficits have a spending problem, not a
revenue problem."

1 comment:

  1. As good as this analysis is, it isn't adjusted for inflation. The inflation from 1988 to 2010 is around 88% combined. So the truth of the analysis remain but is not quite as stark as it looks.

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