In yet another sign that the economy is roaring ahead despite deficits, hurricanes, high gas prices and overall pessimism, state tax revenues increased 8.1 percent in real inflation-adjusted terms in the second quarter, compared to 5.6 percent during the same time frame last year, according to the Rockefeller Institute. During the second quarter: -Personal income tax revenue grew 18.4 percent -Corporate income tax revenue 22.8 percent -Sales tax revenue grew 7.9 percent See the full Rockefeller Institute report here.
