News for hackers. Stuff that matters.

A comment on California sales taxes collection drop 50.9%, income taxes 43.6%. Parent comment

Re:California sales taxes collection drop 50.9%, income taxe... by earl on Friday May 08, 2009 @07:29PM (#600466)
I think chancho is pointing out the effects of the crash of the housing bubble. So yeah, I should have said generally far less procyclical.
[ Parent | on HN ]

There are no comments on this comment yet.