Blog Posts > Income Tax Drags State Revenues Down
November 5, 2013

Income Tax Drags State Revenues Down

Charleston Gazette – State tax collections continued to run about 3 percent below estimates in October, dragged down by personal income tax collections that fell $7.78 million below projections, deputy Revenue secretary Mark Muchow said Monday. Read

“The biggest issue is a lack of significant growth in wages and salary income from this time a year ago to now,” Muchow said, saying the lack of pay raises for most workers in the state has kept personal income tax collections flat.

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