Odd Math

Between last year and this, the General Fund budget of the State of California went down by a relatively significant percentage.   But the combined change in per capita taxes in the state went up by $312.  According to figures compiled by Paul Caron, at TAX PROF BLOG, that ranked California second among the top ten states to raise taxes.

OK so here is the odd math.  Even with being second in the country (behind New York at $419 per person and ahead of Delaware at $286 and Connecticut at $221) we still wound up the last fiscal year with a deficit of immense proportions.   And you thought that adding taxes reduced growth (and it did), what it also seems to have done is done nothing to the deficit.