Corporate income tax erosion is the biggest factor in declining state and local revenues: Percentage-point change in each tax category’s share of state and local taxes between 1979 and 2019
| Tax | 1979–2019 change |
|---|---|
| Corporate income taxes | -2.8% |
| Excise taxes | -2.8% |
| Sales taxes | -0.5% |
| Other (production and import taxes) | -0.4% |
| Property taxes | 1.0% |
| Personal current taxes | 5.5% |
Note: “Personal current taxes” include personal income taxes, personal property taxes, and payments for personal licenses.
Source: National Income and Product Accounts Table 3.3 from the Bureau of Economic Analysis.