State Corporate Income Tax Analysis

Government Receipts (billions of dollars) $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 Taxes Have Consequences iv.) Government Receipts (billions, seasonally adjusted at annual rates, values = average of 8 quarters of data) TCJA TCJA $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 Government Receipts (billions of dollars) $0 $0 Federal Goverment Receipts Federal, State, and Local Government Receipts ■4Q-13 to 3Q-15 ■4Q-15 to 3Q-17 (Pre-TCJA) ■4Q-17 to 3Q-19 (Post-TCJA) Source: BEA

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