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Old 01-13-2011, 06:31 AM
 
Location: Tower of Heaven
4,023 posts, read 4,061,049 times
Reputation: 1394
Cool Sales tax revenue rises throughout Texas

Texas Comptroller Susan Combs said Wednesday that the state’s sales tax revenue for December was $1.81 billion, up 9.4 percent compared to December 2009 data.
The sales tax data shows that the Texas economy is continuing to grow, Combs says.
“This marks the ninth consecutive month of year-over-year improvement in sales tax revenues, with increases posted across the board,” Combs says. “There were increases in the oil and natural gas and manufacturing sectors reflecting recovering business spending. Sales tax in the retail trade and restaurant sectors were also up.”


Sales tax revenue rises throughout Texas | Houston Business Journal


LOL at Texas budget haters.
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Old 01-13-2011, 07:58 AM
 
14,571 posts, read 27,045,604 times
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saw that--wondered how that increase broke down into different areas of the state and purchasing areas--like clothing vs restaurant sales
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Old 01-13-2011, 12:41 PM
 
Location: Tower of Heaven
4,023 posts, read 4,061,049 times
Reputation: 1394
Quote:
Originally Posted by loves2read View Post
saw that--wondered how that increase broke down into different areas of the state and purchasing areas--like clothing vs restaurant sales
Don't know.But given the strong growth I expect a much smaller budget deficit

Look at Illinois has done, that's horrible :
Illinois House Passes Big Income-Tax Increase - WSJ.com

The Illinois House passed a massive income-tax increase Tuesday to help the state dig out of a $13 billion deficit, despite opposition from Republicans and business groups.
The measure passed by a vote of 60-57. The state Senate approved the measure early Wednesday morning. A new legislature, with narrower Democratic majorities in both houses, will be sworn in at noon Wednesday.
Among the increases in the bill, the individual income-tax rate would jump to 5% from 3%. That would cost a family of three making $60,000 about $1,080 more each year in income taxes, according to figures from the Illinois Policy Institute, a nonpartisan free-market think tank. The corporate tax would rise to 7% from 4.8%.
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Old 01-15-2011, 01:36 PM
 
Location: Corpus Christi, TX
220 posts, read 224,318 times
Reputation: 237
I helped by making sure to buy many of my Christmas gifts from Texas companies.

Lots of beer, vodka, and a few holsters from Comp-Tac.
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