Table 8
$75 Billion Revenue Windfall in 1998 (tax revenue figures in millions of dollars)
Actual
Actual
199298
Est. 1998
1998
Tax
Tax
Actual
199298 199298 Population
Revenue with
1998 per Capita
Revenue Revenue 199298
Population
CPI-U
Growth
Pop. Growth +
Revenue Revenue
State
1992
1998 Increase
Growth Growth + Inflation
Inflation Cap
Windfall
Windfall Rank
U.S. Total
$327,822 $476,250
45.3%
6.0%
16.3%
22.3%
$401,004
$75,246
$278
Michigan
$11,279
$21,263
88.5%
3.7%
16.3%
20.0%
$13,540
$7,723
$787
1
New Mexico
$2,238
$3,971
77.5%
9.9%
16.3%
26.2%
$2,824
$1,148
$661
2
Minnesota
$7,450
$11,797
58.4%
5.7%
16.3%
22.0%
$9,088
$2,708
$573
3
Connecticut
$6,059
$8,804
45.3%
0.1%
16.3%
16.4%
$7,051
$1,752
$535
4
Wisconsin
$6,911
$11,056
60.0%
4.4%
16.3%
20.7%
$8,341
$2,715
$520
5
Kansas
$2,802
$4,667
66.6%
4.4%
16.3%
20.7%
$3,383
$1,285
$489
6
Mississippi
$2,494
$4,282
71.7%
5.4%
16.3%
21.8%
$3,037
$1,245
$452
7
Massachusetts $9,903
$14,497
46.4%
2.6%
16.3%
18.9%
$11,776
$2,721
$443
8
Delaware
$1,340
$1,972
47.2%
7.8%
16.3%
24.1%
$1,662
$310
$417
9
Missouri
$5,131
$8,250
60.8%
4.7%
16.3%
21.0%
$6,211
$2,038
$375
10
North Dakota
$755
$1,113
47.5%
0.4%
16.3%
16.8%
$881
$232
$364
11
California
$46,128
$68,237
47.9%
5.9%
16.3%
22.2%
$56,367
$11,871
$363
12
Rhode Island
$1,276
$1,826
43.1%
-1.2%
16.3%
15.1%
$1,470
$357
$361
13
Colorado
$3,533
$5,992
69.6%
14.7%
16.3%
31.1%
$4,631
$1,361
$343
14
Indiana
$6,476
$9,740
50.4%
4.5%
16.3%
20.8%
$7,822
$1,918
$325
15
Ohio
$12,115
$17,961
48.3%
1.9%
16.3%
18.2%
$14,320
$3,641
$325
16
Illinois
$13,463
$19,929
48.0%
3.6%
16.3%
19.9%
$16,142
$3,787
$314
17
North Carolina
$9,010
$13,792
53.1%
10.4%
16.3%
26.8%
$11,421
$2,370
$314
18
Utah
$1,988
$3,279
64.9%
15.4%
16.3%
31.8%
$2,619
$659
$314
19
Virginia
$7,025
$10,626
51.2%
6.4%
16.3%
22.7%
$8,620
$2,006
$295
20
Georgia
$7,267
$11,590
59.5%
13.0%
16.3%
29.4%
$9,401
$2,188
$286
21
Florida
$14,412
$22,385
55.3%
10.5%
16.3%
26.8%
$18,273
$4,112
$276
22
Nevada
$1,817
$3,152
73.5%
31.1%
16.3%
47.4%
$2,679
$473
$271
23
Kentucky
$5,081
$7,214
42.0%
4.7%
16.3%
21.1%
$6,151
$1,063
$270
24
Arkansas
$2,748
$4,017
46.2%
6.0%
16.3%
22.3%
$3,362
$654
$258
25
Tennessee
$4,526
$6,991
54.5%
8.3%
16.3%
24.7%
$5,642
$1,349
$248
26
Maryland
$6,502
$9,127
40.4%
4.7%
16.3%
21.1%
$7,872
$1,256
$245
27
Nebraska
$1,890
$2,670
41.3%
3.8%
16.3%
20.1%
$2,269
$400
$241
28
Montana
$951
$1,383
45.4%
7.0%
16.3%
23.4%
$1,173
$210
$238
29
Oregon
$3,313
$4,950
49.4%
10.4%
16.3%
26.7%
$4,197
$753
$229
30
Iowa
$3,602
$4,902
36.1%
2.0%
16.3%
18.3%
$4,261
$642
$224
31
South Carolina $3,936
$5,669
44.1%
6.6%
16.3%
22.9%
$4,837
$833
$217
32
Idaho
$1,391
$2,091
50.4%
15.3%
16.3%
31.6%
$1,830
$261
$212
33
Washington
$8,468
$11,914
40.7%
10.6%
16.3%
27.0%
$10,750
$1,164
$205
34
Oklahoma
$3,874
$5,361
38.4%
4.4%
16.3%
20.8%
$4,679
$682
$204
35
Louisiana
$4,250
$5,857
37.8%
2.3%
16.3%
18.6%
$5,041
$816
$187
36
South Dakota
$565
$810
43.3%
3.2%
16.3%
19.6%
$676
$134
$182
37
Vermont
$763
$1,014
32.9%
3.7%
16.3%
20.0%
$916
$98.2
$166
38
Maine
$1,664
$2,146
29.0%
0.8%
16.3%
17.1%
$1,949
$197
$158
39
Texas
$17,031
$24,664
44.8%
11.9%
16.3%
28.2%
$21,833
$2,831
$143
40
West Virginia
$2,352
$3,000
27.6%
0.3%
16.3%
16.6%
$2,743
$257
$142
41
Alabama
$4,218
$5,742
36.1%
5.2%
16.3%
21.5%
$5,125
$617
$142
42
Arizona
$4,827
$7,176
48.7%
20.7%
16.3%
37.0%
$6,615
$562
$120
43
Pennsylvania
$16,270
$20,310
24.8%
0.2%
16.3%
16.5%
$18,953
$1,358
$113
44
New York
$30,110
$37,059
23.1%
0.5%
16.3%
16.9%
$35,185
$1,873
$103
45
New Jersey
$12,803
$15,555
21.5%
3.7%
16.3%
20.0%
$15,365
$190
$23
46
New Hampshire
$856
$1,026
19.8%
6.4%
16.3%
22.7%
$1,051
-$25
-$21
47
Hawaii
$2,710
$3,174
17.1%
3.6%
16.3%
19.9%
$3,250
-$76
-$63
48
Wyom ing
$646
$704
8.9%
3.8%
16.3%
20.1%
$776
-$72
-$150
49
Alaska
$1,603
$1,157
-27.8%
4.7%
16.3%
21.0%
$1,939
-$782
-$1,273
50
Sources: Cato Institute; Bureau of the Census; and Center for the Study of the States.
15