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G_MAN
03-30-2010, 12:05 PM
So Georgia saw a 57.6% jump in general sales tax revenue from last year. Wow, so where is all the money going (sarcastic). I guess this is good news somewhat even though our state budget is in the toliet.

Georgia Sales Tax Revune UP (http://money.cnn.com/2010/03/30/news/economy/tax_revenues_rise/index.htm)
winmutt
03-30-2010, 12:17 PM
Better yet where is it coming from, gas tax? OH maybe cigs? Nothing else has moved up that much in taxes I dont think.
Karl Hungus
03-30-2010, 12:24 PM
How is it possible for sales tax revenue to jump that much? Something must be wrong with the data.
wallypiper
03-30-2010, 12:54 PM
Yep. I'm digging. Something is very wrong with that number.
wallypiper
03-30-2010, 01:07 PM
From Georgia DOR:
October through December 2008 net sales tax: 1,379.1 million dollars
October through December 2009 net sales tax: 1,134.7 million dollars


My old fashioned math says that is an 18% DECLINE in net sales tax income.

I think the reporter has made an error somewhere in his calculations.
G_MAN
03-30-2010, 01:55 PM
Yeap, that's what I was thinking. If there had been that big of an increase in sales tax revenue our budget would look so much like turds leftover from a bad flush. LOL
ogle-z
03-30-2010, 06:30 PM
Misplaced decimal point:5.76%?
wallypiper
03-31-2010, 06:59 AM
The article is, according to the DOR's regular published reports, totally wrong. Gross sales tax revenue is DOWN for every month of the last quarter of 2009 compared to 2008. The story doesn't make any sense. Oh wait, his data came from the CENSUS BUREAU. Gives you a lot of confidence in the current census effort, doesn't it?

If Georgia had 57% increase in tax revenues, year over year, from 08 to 09, the state legislature would all be dancing in the streets, probably in Las Vegas.
Butthead
03-31-2010, 07:39 AM
probably written by the UGA grad.
impalanar
03-31-2010, 10:11 AM
probably written by the UGA grad.

I was going to say Auburn, but she actually went to The University of Pennsylvania and is about to attend NYU. Which tells me it is Liberal Math.
Butthead
03-31-2010, 10:16 AM
obviously she did not come from the Wharton school.
winmutt
04-01-2010, 10:43 AM
Apparently its the correct number just not explained properly. From my source :

(10:39:41 AM) XXXXX: so -- that stat
(10:39:48 AM) XXXXX: here's the back story
(10:39:56 AM) XXXXX: that's not aaverage or year end total
(10:40:29 AM) XXXXX: just a direct comparison of Q4 2008 to Q4 2009 and Q4 2008 was the peak of financial dooomage
(10:40:44 AM) XXXXX: (which they really really really should have made clear)
wallypiper
04-01-2010, 12:20 PM
October through December 2008 net sales tax: 1,379.1 million dollars
October through December 2009 net sales tax: 1,134.7 million dollars

That's not average or year end total. Those are month by month totals taken from the published reports at the Georgia Department of Revenue website. Your source needs to explain what two numbers they are comparing? The two numbers above are net sales tax income. That's total sales tax revenue less adjustments and taxes distributed to local governments.