CHART AND TABLE 1.1

A COMPARATIVE HISTORY OF CORPORATE TAX COLLECTIONS

($millions)

FISCAL

CORPORATE

INDIVIDUAL

SALES

SUM OF

CORP./

YEAR

FRANCHISE

INCOME

TAX

MAJOR

INCOME

TAX

(1)

TAXES

1960

$6.2

$16.2

$28.6

$51.0

12.2%

38.3%

1965

$8.3

$24.9

$42.8

$76.0

10.9%

33.3%

1970

$11.8

$61.3

$90.9

$164.0

7.2%

19.2%

1975

$18.0

$104.9

$173.7

$296.6

6.1%

17.2%

1980

$40.4

$265.3

$320.4

$626.1

6.5%

15.2%

1985

$65.9

$435.5

$555.4

$1,056.8

6.2%

15.1%

1990

$99.7

$647.6

$707.4

$1,454.7

6.9%

15.4%

1990*

$95.7

$647.6

$707.4

$1,450.7

6.6%

14.8%

1991

$87.7

$717.6

$740.3

$1,545.6

5.7%

12.2%

1991*

$91.7

$717.6

$740.3

$1,549.6

5.9%

12.8%

1992

$80.9

$784.4

$802.4

$1,667.7

4.9%

10.3%

1993

$79.4

$842.1

$881.9

$1,803.4

4.4%

9.4%

1994

$121.0

$925.3

$978.2

$2,024.5

6.0%

13.1%

1995

$153.5

$1,026.9

$1,055.1

$2,235.5

6.9%

14.9%

1996

$168.4

$1,139.1

$1,162.5

$2,470.0

6.8%

14.8%

1997

$182.9

$1,237.3

$1,252.1

$2,672.4

6.8%

14.8%

1998

$189.0

$1,377.6

$1,251.8

$2,818.4

6.7%

13.7%

1999

$184.3

$1,463.9

$1,316.4

$2,964.6

6.2%

12.6%

2000

$179.6

$1,654.9

$1,369.6

$3,204.1

5.6%

10.9%

2001

$174.4

$1,713.1

$1,431.4

$3,318.9

5.3%

10.2%

2002

$118.9

$1,610.6

$1,441.3

$3,170.8

3.7%

7.4%

2003

$152.5

$1,572.7

$1,444.0

$3,169.2

4.8%

9.7%

2004

$155.4

$1,699.2

$1,502.0

$3,356.6

4.6%

9.1%

* CORPORATE TAXES REFLECT AN ADJUSTME

(1)

Excludes earmarked taxes beginning in 1998