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Examines Arizona’s individual and corporate income taxes, making comparisons to other states. Individual and corporate income tax rates have both been lowered several times in Arizona since the early 1990s, and various other modifications made to the income taxes—such as the creation of new tax credits—also have reduced the revenue received by state government from these taxes.
After earning a B.A. in economics from the University of California at Berkeley, Tim received a M.A. in economics from the University of California at Davis and a Ph.D. in economics from Virginia Tech University in 1971. Tim was a faculty member in the ASU Department of Economics from 1970 until he retired in 2004. He began working for the predecessor of the L. William Seidman Research Institute in the 1970s and has been associated with the Institute since it was established, serving as director from 1995 through 2004.
An update to the November 2023 paper that presented data through 2022, estimates are presented of the number of ASU graduates working in Arizona, as well as their average wage, aggregate wages, and tax payments. Estimates are made for each year from 2012 through 2023.
Examines Arizona state government finance over time; compares Arizona to the nation and to other states on combined state and local government finance. Investigates public education finance and educational outcomes. Considers public-sector needs and suggests ways to boost revenue.
Assesses the total (direct, indirect and induced) contribution of Arizona State University and its employees, students, and visitors in fiscal year 2024 on the state economy as follows: gross product of $6.1 billion, labor income of $3.8 billion, and employment of 55,688.