California State Controller John Chiang offers this daily tax tracker to follow personal income taxes, sales and use taxes and corporate taxes -- the three major sources of revenue for the State.
The site will be updated regularly throughout each business day. Preliminary posts use dollar figures from tax administration agencies, while the following day the Controller will post reconciled (actual cash) figures. The latest figures are always available via direct download. Preliminary sales tax figures, along with personal income tax withholdings will be available by 10:30 a.m., followed by total personal income and corporate tax receipts, along with final sales tax numbers between 1:30 and 4:00 p.m. the same business day.
The chart on the right of this screen tracks the cumulative total of income, sales and corporate tax and compares it against estimated benchmarks for the month.
April 3 starts well
By 10 a.m. this
morning, the State totals for the big three taxes totaled $64.2 billion, with
an estimated $288.5 already reported today.
April 2014 tax reporting not only helps budget writers monitor actual receipts
for the 2013 tax year, it informs their thinking about the likely taxpayer
behavior in 2014. So it helps them model likely tax receipts in April 2015. For
example, it tells them something about the likely tax base. More than 60
percent of all income tax collections are derived from wages and salaries. If
the 2013 tax returns show an increase in the wage and salary base, it is likely
that the increase will continue in 2014.
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