LAT's Gold jumps to Washington Post
Annual issue is out this week
April, of course, is a very big month for collecting income taxes - and it's especially big for a deficit-ravaged California. Last year, personal income taxes accounted for 54 percent of all general fund revenues. Of that amount, 14.1 percent arrived in April. Through the first 19 days of the month, it's not looking great, according to the state controller's tally. To date, $5.28 billion has been received; the governor's budget estimate is looking for $9.13 billion. The year-to-date numbers are better - $38.9 billion in personal income taxes have been collected, up from $37.9 billion for the same period a year earlier. Anyway, you can track the daily receipts here. As you can see, the day after tax day brought in the most money. Below are the numbers so far this month:
April 1 --- ---April 2 (46,741)**
April 3 146,692
April 4 372,429
April 5 23,870
April 6 427,484
April 7 --- ---
April 8 --- ---
April 9 18,790
April 10 137,722
April 11 193,370
April 12 10,818
April 13 233,299
April 14 --- ---
April 15 --- ---
April 16 427,656
April 17 729,465
April 18 1,634,853
April 19 979,462
*The table above shows the most recent personal income tax revenues, which include payroll withholdings, taxes received and refunds paid out. The reconciliation of these numbers can take up to two days.
**A negative figure indicates that the daily refund total outpaced daily receipts and withholdings.Monthly Total 5,289,169