Disabled People Are the Canaries in the Coal Mine
The disabled community has responded to the adversities they face by organizing for legal rights that protect their autonomy and access to public life. But these rights are increasingly under attack.
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An interesting piece from Mish's Global Economic Trend Analysis (a blog).
The Nelson A. Rockefeller Institute of Government has issued a State Revenue Flash Report discussing an across the board enormous drop in personal income tax revenues.
There are numerous tables in the report worth a look. In fact, the entire 9 page PDF is worth reading in entirety.
States most dependent on Personal Income Taxes
68.5% of Oregon's Tax Revenue from PIT. Collections off 27.0%
57.2% of Massachusetts' Tax Revenue from PIT. Collections off 28.5%
55.9% of New York's Tax Revenue from PIT. Collections off 31.8%
47.5% of California's' Tax Revenue from PIT. Collections off 33.8%
52.4% of Connecticut's Tax Revenue from PIT. Collections off 25.9%
52.7% of Colorado's Tax Revenue from PIT. Collections off 25.4%
Arizona's collections were down a whopping 54.9% depending 25.3% on Personal Income Taxes. South Carolina, Michigan, Vermont, Rhode Island, New Jersey, Idaho, and Ohio are also in deep trouble.
20 states depending on personal incomes taxes for > 25% of total taxes were down 20% or more on collections.
This is a very grim report on state finances.
Here's the original post.