Appendix 3

Table 11

SALES TAX

Year (FY) Rate Revenue Revenue Adjusted for Inflation (Using US CPI Indexed to 1995) 1% 1% Adjusted for Inflation (Using US CPI Indexed to 1995)
1975 3% $26,523,418 $75,137,161 $8,841,139.33 $25,045,720.49
1980 3% $40,835,763 $75,482,002 $13,611,921.00 $25,160,667.28
1985 4% $87,949,853 $124,574,863 $21,987,463.25 $31,143,715.65
1990 4% $136,028,939 $158,541,887 $34,007,234.75 $39,635,471.74
1995 5% $173,643,642 $173,643,642 $34,728,728.40 $34,728,728.40

ROOMS & MEALS TAX

Year (FY) Rate Revenue Revenue Adjusted for Inflation (Using US CPI Indexed to 1995) 1% 1% Adjusted for Inflation (Using US CPI Indexed to 1995)
1975 5% $7,588,148 $21,496,170 $1,517,629.60 $4,299,233.99
1980 5% $13,667,805 $25,263,965 $2,733,561.00 $5,052,792.98
1985 6% $28,278,362 $40,054,337 $4,713,060.33 $6,675,722.85
1990 7% Total= $47,631,939 $55,515,080 Total= $6,555,515.70 Total= $7,640,461.19

(Liquor Served in Restaurants= 10%) Liquor (12.2%)= $5,811,097
$581,109.70 $677,284.03


R&M (87.8%)= $41,820,842
$5,974,406.00 $6,963,177.16
1995 7% Total= $58,953,856 $58,953,856 Total= $8,136,474.33 Total= $8,136,474.33

(Liquor Served in Restaurants= 10%) Liquor (11.3%)= $6,661,785.73
$666,178.57 $666,178.57


R&M (88.7%)= $52,292,070.27
$7,470,295.75 $7,470,295.75

PERSONAL INCOME TAX
($ in Millions)

Calendar (Tax) Year Rate Revenue (CY) CY Revenue Adjusted for Inflation (Using US CPI Indexed to 1995) CY 1% CY 1% Adjusted for Inflation (Using US CPI Indexed to 1995)
1975 27.25% $55.6 $157.51 $2.04 $5.78
1980 23.0% $90.8 $167.84 $3.95 $7.30
1985 26.5% $148.7 $210.62 $5.61 $7.95
1990 28.0% $242.4 $282.52 $8.66 $10.09
1995 25% $268 $268 $9.56 $9.56

Notes:
Inflation adjustment uses US CPI indexed to 1995.
Source for sales tax and rooms and meals tax information- State of Vermont Comprehensive Annual Financial Reports.
Source for income tax information- VT Tax Dept. statistics.
Fiscal year data used for sales tax and rooms and meals tax revenues. Because of income tax rate changes mid-way through the fiscal year,
calendar year data used for income tax revenues. Calendar year revenues do not include revenues such as back taxes and audits.