From: Tax structure and revenue instability: the Great Recession and the states
Variable | Mean | Std Dev | Min | Max |
---|---|---|---|---|
Change in total state tax revenue 2007–2009, per 2007 return1,3 | −138 | 582 | −1,128 | 2,596 |
Potential revenue exposure2 | −255 | 215 | −874 | 214 |
Change in AGI per return in top 5% of returns, 2007-20093 | −83,774 | 46,787 | −237,197 | −10,729 |
Change in AGI per return in next 15% of returns, 2007-20093 | −5,257 | 2,857 | −11,571 | 5,633 |
Change in AGI per return in bottom 80% of returns, 2007-20093 | 1,108 | 787 | −821 | 2,938 |
Total state tax burden on top 5%, 20074 | 0.066 | 0.019 | 0.023 | 0.101 |
Total state tax burden on next 15%, 20074 | 0.085 | 0.016 | 0.045 | 0.127 |
Total state tax burden on bottom 80%, 20074 | 0.093 | 0.014 | 0.060 | 0.116 |
Average state tax burden, 20074 | 0.082 | 0.015 | 0.042 | 0.112 |
Share of total AGI in top 5% of returns, 20073 | 0.338 | 0.046 | 0.278 | 0.486 |
Share of total AGI in next 15% of returns, 20073 | 0.289 | 0.020 | 0.221 | 0.316 |
Capital gains share of AGI in top 5% of returns, 20073 | 0.209 | 0.053 | 0.126 | 0.389 |
Capital gains share of AGI in next 15% of returns, 20073 | 0.033 | 0.008 | 0.018 | 0.054 |