A COMPARATIVE HISTORY OF CORPORATE TAX COLLECTIONS
|
| | | | ($millions) |
|
| FISCAL | CORPORATE | INDIVIDUAL | SALES | SUM OF | CORP./ | CORP./ |
| YEAR | FRANCHISE | INCOME | TAX | MAJOR | MAJOR | INCOME |
| | TAX | TAX | | TAXES |
| 1960 | $6.2 | $16.2 | $28.6 | $51.0 | 12.16% | 38.27% |
| 1965 | $8.3 | $24.9 | $42.8 | $76.0 | 10.92% | 33.33% |
| 1970 | $11.8 | $61.3 | $90.9 | $164.0 | 7.20% | 19.25% |
| 1975 | $18.0 | $104.9 | $173.7 | $296.6 | 6.07% | 17.16% |
| 1980 | $40.4 | $265.3 | $320.4 | $626.1 | 6.45% | 15.23% |
| 1985 | $65.9 | $435.5 | $555.4 | $1,056.8 | 6.24% | 15.13% |
| 1990 | $99.7 | $647.6 | $707.4 | $1,454.7 | 6.85% | 15.40% |
| 1990* | $95.7 | $647.6 | $707.4 | $1,450.7 | 6.60% | 14.78% |
| 1991 | $87.7 | $717.6 | $740.3 | $1,545.6 | 5.67% | 12.22% |
| 1991* | $91.7 | $717.6 | $740.3 | $1,549.6 | 5.92% | 12.78% |
| 1992 | $80.9 | $784.4 | $802.4 | $1,667.7 | 4.85% | 10.31% |
| 1993 | $79.4 | $842.1 | $881.9 | $1,803.4 | 4.40% | 9.43% |
| 1994 | $121.0 | $925.3 | $978.2 | $2,024.5 | 5.98% | 13.08% |
| 1995 | $153.5 | $1,026.9 | $1,055.1 | $2,235.5 | 6.87% | 14.95% |
| 1996 | $168.4 | $1,139.1 | $1,162.5 | $2,470.0 | 6.82% | 14.79% |
| 1997 | $182.9 | $1,237.3 | $1,252.1 | $2,672.4 | 6.84% | 14.78% |
| 1998 | $189.0 | $1,377.6 | $1,287.8 | $2,854.4 | 6.62% | 13.72% |
* Corporate taxes reflect an adjustment for large refunds in 1991 of 1990 taxes.