According to a recent report from The Tax Foundation, state tax revenues fell by nearly 9% in 2009, compared with 2008. There were 45 states that collected less tax revenue, and only five that saw increased tax revenue. Those five states that saw increases are:
1. South Dakota: 0.9%
2. Iowa: 1.3%
3. Oregon: 1.9%
4. North Dakota: 4.3%
5. Wyoming: 13.9%
As you can see, Wyoming was the only state that saw double-digit increases. On the other hand, here are top 10 states with the largest tax revenue declines:
1. Alaska: 51.9%
2. Arizona: 19.7%
3. South Carolina: 16.8%
4. New Mexico: 15.1%
5. California: 15.0%
6. Idaho: 14.1%
7. Virginia: 12.8%
8. Connecticut: 12.1%
9. New Jersey: 11.9%
10. Utah: 11.9%
