January 7, 2008
Taxman Not Working Hard Enough
By Cory Hopkins
Poor corporate/business and sales tax receipts in December led to a $22 million shortfall in the monthly goal, according to the Massachusetts Department of Revenue.
Preliminary revenue collections for December totaled $1.84 billion, up $58 million, or 3.2 percent, from December 2006.
Year-to-date tax collections for FY08 total roughly $9.13 billion, up $365 million and 4.2 percent from the same period a year ago, the DOR said.
In December, the state collected $889 million in income taxes, $132 million in payments, $326 million in sales taxes and $346 million in corporate/business taxes.
Preliminary revenue collections for December totaled $1.84 billion, up $58 million, or 3.2 percent, from December 2006.
Year-to-date tax collections for FY08 total roughly $9.13 billion, up $365 million and 4.2 percent from the same period a year ago, the DOR said.
In December, the state collected $889 million in income taxes, $132 million in payments, $326 million in sales taxes and $346 million in corporate/business taxes.
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