{"id":1702,"date":"2011-12-09T16:10:45","date_gmt":"2011-12-09T21:10:45","guid":{"rendered":"http:\/\/www.billdawers.com\/?p=1702"},"modified":"2011-12-09T16:10:45","modified_gmt":"2011-12-09T21:10:45","slug":"georgia-tax-revenue-for-november-shows-steady-growth","status":"publish","type":"post","link":"http:\/\/www.billdawers.com\/2011\/12\/09\/georgia-tax-revenue-for-november-shows-steady-growth\/","title":{"rendered":"Georgia tax revenue for November shows steady growth"},"content":{"rendered":"<div class=\"e26b170012445c56d240655bdd03f7bf\" data-index=\"1\" style=\"float: left; margin: 10px 10px 10px 0;\">\n<script type=\"text\/javascript\"><!--\r\ngoogle_ad_client = \"ca-pub-5595881567027133\";\r\n\/* Medium Rectangle *\/\r\ngoogle_ad_slot = \"8584504377\";\r\ngoogle_ad_width = 300;\r\ngoogle_ad_height = 250;\r\n\/\/-->\r\n<\/script>\r\n<script type=\"text\/javascript\"\r\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\r\n<\/script>\n<\/div>\n<p>Georgia has some lousy trends in terms of jobs right now, but both income taxes and sales taxes suggest increases in average incomes and in consumer spending.<\/p>\n<p>Here&#8217;s the latest data for November, with comparisons to November of 2010. There are two lines that I look most closely at: Income Tax &#8211; Individual, which shows a 2.6% increase over last year, and Sales and Use Tax &#8211; Gross, which shows a stronger 6.9% increase year-over-year.<\/p>\n<p>The income tax collections are not sufficient to account for inflation, but the retail sales collections are pretty good. Here&#8217;s the raw data:<\/p>\n<div id=\"attachment_1703\" style=\"width: 680px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/12\/Screen-shot-2011-12-09-at-3.54.23-PM.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1703\" data-attachment-id=\"1703\" data-permalink=\"http:\/\/www.billdawers.com\/2011\/12\/09\/georgia-tax-revenue-for-november-shows-steady-growth\/screen-shot-2011-12-09-at-3-54-23-pm\/\" data-orig-file=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/12\/Screen-shot-2011-12-09-at-3.54.23-PM-e1323463989231.png?fit=670%2C481\" data-orig-size=\"670,481\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Screen shot 2011-12-09 at 3.54.23 PM\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Click for a slightly larger version&lt;\/p&gt;\n\" data-medium-file=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/12\/Screen-shot-2011-12-09-at-3.54.23-PM-e1323463989231.png?fit=300%2C215\" data-large-file=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/12\/Screen-shot-2011-12-09-at-3.54.23-PM-e1323463989231.png?fit=594%2C426\" src=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/12\/Screen-shot-2011-12-09-at-3.54.23-PM-e1323463989231.png?resize=594%2C426\" alt=\"\" title=\"Screen shot 2011-12-09 at 3.54.23 PM\" width=\"594\" height=\"426\" class=\"size-full wp-image-1703\" data-recalc-dims=\"1\" \/><\/a><p id=\"caption-attachment-1703\" class=\"wp-caption-text\">Click for a slightly larger version<\/p><\/div>\n<p>And here&#8217;s the raw data for the fiscal year to date:<br \/>\n<a href=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/12\/Screen-shot-2011-12-09-at-4.00.48-PM.png\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1704\" data-permalink=\"http:\/\/www.billdawers.com\/2011\/12\/09\/georgia-tax-revenue-for-november-shows-steady-growth\/screen-shot-2011-12-09-at-4-00-48-pm\/\" data-orig-file=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/12\/Screen-shot-2011-12-09-at-4.00.48-PM-e1323464363825.png?fit=670%2C375\" data-orig-size=\"670,375\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Screen shot 2011-12-09 at 4.00.48 PM\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/12\/Screen-shot-2011-12-09-at-4.00.48-PM-e1323464363825.png?fit=300%2C168\" data-large-file=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/12\/Screen-shot-2011-12-09-at-4.00.48-PM-e1323464363825.png?fit=594%2C332\" src=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/12\/Screen-shot-2011-12-09-at-4.00.48-PM-e1323464363825.png?resize=594%2C332\" alt=\"\" title=\"Screen shot 2011-12-09 at 4.00.48 PM\" width=\"594\" height=\"332\" class=\"aligncenter size-full wp-image-1704\" data-recalc-dims=\"1\" \/><\/a><\/p>\n<p>It looks like we might be seeing softening in the increases in income taxes, and the headline number of a 7% increase in November is solid enough, as is the FY to date increase of 6.8%.<\/p>\n<p>Just a reminder, however, what November looked like in November 2007:<a href=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/12\/Screen-shot-2011-12-09-at-4.06.58-PM.png\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1706\" data-permalink=\"http:\/\/www.billdawers.com\/2011\/12\/09\/georgia-tax-revenue-for-november-shows-steady-growth\/screen-shot-2011-12-09-at-4-06-58-pm\/\" data-orig-file=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/12\/Screen-shot-2011-12-09-at-4.06.58-PM-e1323464707778.png?fit=670%2C390\" data-orig-size=\"670,390\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Screen shot 2011-12-09 at 4.06.58 PM\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/12\/Screen-shot-2011-12-09-at-4.06.58-PM-e1323464707778.png?fit=300%2C175\" data-large-file=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/12\/Screen-shot-2011-12-09-at-4.06.58-PM-e1323464707778.png?fit=594%2C346\" src=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/12\/Screen-shot-2011-12-09-at-4.06.58-PM-e1323464707778.png?resize=594%2C346\" alt=\"\" title=\"Screen shot 2011-12-09 at 4.06.58 PM\" width=\"594\" height=\"346\" class=\"aligncenter size-full wp-image-1706\" data-recalc-dims=\"1\" \/><\/a><\/p>\n<p>Gross sales and use taxes are still down about 14% from four years ago, and individual income taxes are down about 7%. Adjusted for inflation, those numbers would be considerably worse.<\/p>\n<p>Also, as we enter the 2012 legislative session, I&#8217;d suggest being very suspicious of promises of cuts in corporate income taxes. Just look at the revenue lines. We already have very low corporate income taxes.<\/p>\n<div class=\"e26b170012445c56d240655bdd03f7bf\" data-index=\"4\" style=\"float: none; margin:4px 0 4px 0; text-align:center;\">\n<script type=\"text\/javascript\"><!--\r\ngoogle_ad_client = \"ca-pub-5595881567027133\";\r\n\/* Another large rectangle *\/\r\ngoogle_ad_slot = \"0042810896\";\r\ngoogle_ad_width = 336;\r\ngoogle_ad_height = 280;\r\n\/\/-->\r\n<\/script>\r\n<script type=\"text\/javascript\"\r\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\r\n<\/script>\n<\/div>\n\n<!--CusAds0-->\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Georgia has some lousy trends in terms of jobs right now, but both income taxes and sales taxes suggest increases in average incomes and in consumer spending. Here&#8217;s the latest data for November, with comparisons to November of 2010. There&hellip;<\/p>\n<p class=\"more-link-p\"><a class=\"more-link\" href=\"http:\/\/www.billdawers.com\/2011\/12\/09\/georgia-tax-revenue-for-november-shows-steady-growth\/\">Read more &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":1703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4],"tags":[28],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/12\/Screen-shot-2011-12-09-at-3.54.23-PM-e1323463989231.png?fit=670%2C481","jetpack_shortlink":"https:\/\/wp.me\/p1gN9R-rs","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/posts\/1702"}],"collection":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/comments?post=1702"}],"version-history":[{"count":0,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/posts\/1702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/media\/1703"}],"wp:attachment":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/media?parent=1702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/categories?post=1702"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/tags?post=1702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}