August 1998 Issue


TAX FOUNDATION REPORTS INCREASE IN TAX COLLECTIONS

nalysis by Tax Foundation Senior Economist Patrick Fleenor indicates that total Federal, state, and local tax collections are up in 1998 to $2.7 trillion. That translates to $26,434 per household or $9,881 per person. This represents a 5.7% increase for the year and a 58.4% increase since 1990. Of the $2.7 trillion total, $1.8 trillion, or 67.7% is Federal collections.

The Tax Foundation is a policy research organization that has monitored fiscal issues at the Federal, state, and local levels since 1937. For a copy of the tax collection analysis, call Steven Gold at the foundation at (202) 942-7659, or for more information, see the organization's website at www.taxfoundation.org. *

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