I was looking at the 4 largest states' IRS gross collections for 2020 and 2021...
IRS Revenue Gross Collections by State, 2020 & 2021
CALIFORNIA...$467,417,992,000....$587,616,657,000
NEW YORK.....$289,387,122,000...$330,143,910,000
TEXAS............$275,485,613,000...$312,071,886,000
FLORIDA.........$209,757,311,000...$252,326,047,000
2020-2021 Annual Change in IRS Revenue Gross Collections
CALIFORNIA +$120,198,665,000
NEW YORK....+$54,658,297,000
FLORIDA........+$42,568,736,000
TEXAS...........+$36,586,273,000
California
https://www.irs.gov/pub/irs-soi/20dbcalifornia.xlsx
https://www.irs.gov/pub/irs-soi/21dbcalifornia.xlsx
Florida
https://www.irs.gov/pub/irs-soi/20dbflorida.xlsx
https://www.irs.gov/pub/irs-soi/21dbflorida.xlsx
New York
https://www.irs.gov/pub/irs-soi/20dbnewyork.xlsx
https://www.irs.gov/pub/irs-soi/21dbnewyork.xlsx
Texas
https://www.irs.gov/pub/irs-soi/20dbtexas.xlsx
https://www.irs.gov/pub/irs-soi/21dbtexas.xlsx
2 questions I have...anyone have an ideas?
1. How can CA have 3x as much of a IRS collections increase than TX given that TXs population is booming, while CA's population is shrinking?
2. How can NY, also supposedly losing population, pay more into federal coffers than TX and also have a bigger annual increase, whilst have 10 million fewer people?
Things that make you go hmmm...