Reduced corporate income tax collections were not offset by increased collections from other state and local tax sources: Change ($) in per capita state and local overall taxes and corporate income taxes, 2000–2007 and 2007–2019
| Change in corporate taxes | Change in taxes |
|---|---|
| -$183.56 | -$92.41 |
| -131.44 | 121.13 |
| -95.76 | -10.03 |
| -61.91 | 824.17 |
| -42.31 | 313.39 |
| -29.25 | 246.15 |
| -11.40 | -57.64 |
| 4.17 | 143.14 |
| 8.67 | 109.62 |
| 15.04 | 154.66 |
| 22.07 | 471.77 |
| 27.80 | 199.81 |
| 37.54 | 344.11 |
| 44.75 | 354.92 |
| 51.30 | 355.74 |
| 61.62 | 608.86 |
| 80.56 | 462.27 |
| 99.93 | 309.44 |
| 140.23 | 547.22 |
| 189.82 | 377.87 |
Notes: Figure is a binned scatterplot that ranks state changes in corporate income taxes between 2000 and 2007 and between 2007 and 2019 and then groups the state-specific changes for each time period into similarly sized “bins” of observations. States include D.C. If data allow for an exactly equal number of observations in each bin, then the number of observations in each bin is equal. If data are unequal, bins are constructed using default settings on Stata binscatter command. Each bin’s average change in corporate income taxes and overall taxes is then compared in the graph. Because it is an outlier on both measures, Alaska is omitted. Including it would strengthen the association.
Source: Underlying data are from the Census of State and Local Government Finance. Interactive tool from the Urban Institute used to access data in March 2022.