Rockefeller Institute: State Revenue Report

States that have income taxes are experiencing a CRASH in tax revenue which fell 26% in the January through April timeframe this year! The effects of this crash in revenue will be far reaching and is already having a dramatic effect on education, infrastructure projects and maintenance, taxes, retirement plans, bonds, etc.

The effects will be tremendous over time and will not turn around quickly in my judgment, again it’s because of the debt that saturates the people, the corporations, and every layer of government. But here’s what most people fail to understand… corporations and governments are not people, they derive their incomes from the labor of real people who must work for their money. Thus, the same 306 million people in the U.S. are ultimately responsible to pay back all the debt at all levels – and the math does not work! Personal debt is too high! Government is too big! There are too many corporations taking too much money, especially in the financial world! Thus, we are going to experience pain like never before in this country, it’s no longer coming, it’s here!

Nice of the Rockefeller Institute to put together this report. The drop in revenue here is commensurate with the drop in national income tax and the cliff diving in corporate income tax which is far worse in percentage terms.

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About Nathan A. Martin 121 Articles

Nathan A. Martin is President of Wingman Investments, LLC, and author of the book Flight to Financial Freedom – Fasten Your Finances. He sees people, both young and old, facing a new era where they are forced to be responsible for their own financial success or failure. His message is clear; become financially literate or be a victim of the external forces that are impacting everyone. Nathan possesses an undergraduate degree in Professional Aviation and Business as well as a Master’s degree in Aviation Management and Operations.

A former Air Force and retired airline pilot, his flying took him the world over participating in many operations including the invasion of Panama, and combat time during Operation Desert Storm. Experience has come over 26 years of flight - logging more than 12,000 flight hours both civilian and military, and as the owner of a corporate aviation management company whose focus was aircraft efficiency.

Influenced by his parents entrepreneurial activities, Nathan began his business and investment training early in life and has used that knowledge every step along the way... from business school to his own corporations and personal investments.

Visit: Nathan's Economic Edge

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