Source: Tracey Peake, WRAL TECHWIRE, 4/2/21

 The pandemic has been bad for business, but it hasn’t necessarily been bad for U.S. state tax revenues; in fact, 22 states saw tax revenues increase during 2020. These outcomes ran counter to estimates made during the year, but a new analysis from researchers at NC State and the University of Texas at Dallas reveals one possible explanation. The researchers specifically point to a combination of progressive income tax rates and COVID-19 restrictions as the reasons...

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