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(The Year 2012 In Review)
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|User Info||Employment Report: Blatant And Outrageous Lies; entered at 2012-02-03 10:46:09|
Registered: 2009-08-05 Pittsburgh
Pennsylvania's individual taxes collected were *down*; not up. That means withholding (and employemnt) is *down*; which means either less people working, less overtime or pay cuts; perhaps all three.|
Perhaps we're an anomaly, but a big bellwhether like PA is down:
"Pennsylvania Revenue Department Releases January 2012 Collections
HARRISBURG, Pa., Feb. 1, 2012
HARRISBURG, Pa., Feb. 1, 2012 /PRNewswire-USNewswire/ -- Pennsylvania collected $2.2 billion in General Fund revenue in January, which was $10.4 million, or 0.5 percent, less than anticipated, Secretary of Revenue Daniel Meuser reported today. Fiscal year-to-date General Fund collections total $13.8 billion, which is $497.2 million, or 3.5 percent, below estimate.
Sales tax receipts totaled $807.5 million for January, $65.5 million above estimate. Year-to-date sales tax collections total $5.2 billion, which is $ 42.2 million, or 0.8 percent, more than anticipated.
Personal income tax (PIT) revenue in January was $1.1 billion, $45.6 million below estimate. This brings year-to-date PIT collections to $5.7 billion, which is $211.5 million, or 3.6 percent, below estimate.
January corporation tax revenue of $96.1 million was $27.4 million below estimate. Year-to-date corporation tax collections total $1.3 billion, which is $286.7 million, or 18 percent, below estimate."