Table 1.1
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A
COMPARATIVE HISTORY OF CORPORATE TAX COLLECTIONS |
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($millions) |
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FISCAL |
CORPORATE |
INDIVIDUAL |
SALES |
SUM OF |
CORP./ |
CORP./ |
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YEAR |
FRANCHISE |
INCOME |
TAX |
MAJOR |
MAJOR |
INCOME |
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TAX |
TAX |
(1) |
TAXES |
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1960 |
$6.2 |
$16.2 |
$28.6 |
$51.0 |
12.2% |
12.2% |
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1965 |
$8.3 |
$24.9 |
$42.8 |
$76.0 |
10.9% |
10.9% |
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1970 |
$11.8 |
$61.3 |
$90.9 |
$164.0 |
7.2% |
7.2% |
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1975 |
$18.0 |
$104.9 |
$173.7 |
$296.6 |
6.1% |
6.1% |
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1980 |
$40.4 |
$265.3 |
$320.4 |
$626.1 |
6.5% |
6.5% |
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1985 |
$65.9 |
$435.5 |
$555.4 |
$1,056.8 |
6.2% |
6.2% |
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1990 |
$99.7 |
$647.6 |
$707.4 |
$1,454.7 |
6.9% |
6.9% |
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1990* |
$95.7 |
$647.6 |
$707.4 |
$1,450.7 |
6.6% |
6.6% |
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1991 |
$87.7 |
$717.6 |
$740.3 |
$1,545.6 |
5.7% |
5.7% |
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1991* |
$91.7 |
$717.6 |
$740.3 |
$1,549.6 |
5.9% |
5.9% |
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1992 |
$80.9 |
$784.4 |
$802.4 |
$1,667.7 |
4.9% |
4.9% |
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1993 |
$79.4 |
$842.1 |
$881.9 |
$1,803.4 |
4.4% |
4.4% |
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1994 |
$121.0 |
$925.3 |
$978.2 |
$2,024.5 |
6.0% |
6.0% |
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1995 |
$153.5 |
$1,026.9 |
$1,055.1 |
$2,235.5 |
6.9% |
6.9% |
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1996 |
$168.4 |
$1,139.1 |
$1,162.5 |
$2,470.0 |
6.8% |
6.8% |
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1997 |
$182.9 |
$1,237.3 |
$1,252.1 |
$2,672.4 |
6.8% |
6.8% |
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1998 |
$189.0 |
$1,377.6 |
$1,251.8 |
$2,818.4 |
6.7% |
6.7% |
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1999 |
$184.3 |
$1,463.9 |
$1,316.4 |
$2,964.6 |
6.2% |
6.2% |
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2000 |
$179.6 |
$1,654.9 |
$1,369.6 |
$3,204.1 |
5.6% |
5.6% |
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2001 |
$174.4 |
$1,713.1 |
$1,431.4 |
$3,318.9 |
5.3% |
5.3% |
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* CORPORATE
TAXES REFLECT AN ADJUSTMENT FOR LARGE REFUNDS IN 1991 OF 1990 PAYMENTS |
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(1) |
Excludes
earmarked taxes beginning in 1998 |
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