{"id":122,"date":"2019-05-31T15:50:45","date_gmt":"2019-05-31T19:50:45","guid":{"rendered":"https:\/\/buymuni.com\/?p=122"},"modified":"2019-06-06T16:26:18","modified_gmt":"2019-06-06T20:26:18","slug":"baml-surge-in-personal-income-taxes-not-sustainable","status":"publish","type":"post","link":"https:\/\/buymuni.com\/?p=122","title":{"rendered":"BAML: SURGE IN PERSONAL INCOME TAXES NOT SUSTAINABLE"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">May 31, 2019 &#8211; Bank of America&#8217;s Phillip Fischer was of the view that the recent surge in income tax collections is not sustainable. April collections was 36% higher y-o-y and 56% higher than April 2017 levels.  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Select comps for states and NYC:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">New York &#8211; up 57% vs 2018; up 84% vs 2017<br>New York City &#8211;  up 44% vs 2018; up 65% vs 2017  <br>New Jersey &#8211;  up 56% vs 2018; up 55% vs 2017<br>California &#8211;  up 35% vs 2018; up 50% vs 2017<br>Massachusetts &#8211; up 37% vs 2018; up 55% vs 2017 <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The two primary drivers for the surge were timing (taxpayers prepaying 2018 liabilities in 2017, thus increasing April 2019 collections vs April 2018) and continued economic growth.  Thus &#8211; collection growth for 2020 is expected to revert to normal levels of growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Contact Jumanne Johnson at JJ@BuyMuni.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>May 31, 2019 &#8211; Bank of America&#8217;s Phillip Fischer was of the view that the recent surge in income tax&#8230;<\/p>\n","protected":false},"author":4,"featured_media":123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[8,11],"tags":[10],"class_list":["post-122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","category-sell-side-research","tag-baml","wpcat-8-id","wpcat-11-id"],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"jetpack_featured_media_url":"https:\/\/buymuni.com\/wp-content\/uploads\/2019\/05\/2019-BM-Fischer.jpg","_links":{"self":[{"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts\/122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=122"}],"version-history":[{"count":2,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts\/122\/revisions"}],"predecessor-version":[{"id":173,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts\/122\/revisions\/173"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/media\/123"}],"wp:attachment":[{"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}