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Unformatted text preview: states, public revenue from income taxes, business taxes, sale taxes and business taxes is falling dramatically. New York’s Rockefeller Institute calculated that real tax revenues in third quarter fell below 2007 levels in 31 out of 42 states that released figures. Great job losses (especially in NY) make income tax revenue decrease. The downturn of housing market (especially in Arizona) also caused a big trouble for government property tax revenue. ....
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This note was uploaded on 03/10/2011 for the course ECON 101 taught by Professor Duc during the Spring '05 term at Linfield.
- Spring '05