Journal Article
The impact of an aging population on state tax revenues
Abstract: People tend to earn less and spend less when they retire. As the baby boom generation retires, the aging of the U.S. population will likely reduce state governments? revenue per capita from income taxes and sales taxes significantly.
Keywords: Income tax; state tax revenues; State tax;
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http://www.kansascityfed.org/publicat/research/macrobulletins/mb13Felix-Watkins1205.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of Kansas City
Part of Series: Macro Bulletin
Publication Date: 2013-12
Pages: 3-4