Growth in Personal Income Tax Revenue After Drops in Consumer Sentiment
Months following a 20% or more drop in consumer sentiment within 6 months
A line graph titled "Growth in Personal Income Tax Revenue After Drops in Consumer Sentiment" tracking percentage changes over 24 months following major consumer sentiment declines. The subtitle reads "Months following a 20% or more drop in consumer sentiment within 6 months." Multiple gray lines represent individual cases showing diverse outcomes ranging from approximately -25% to +45%. Two key trend lines are highlighted: a blue line labeled "Median Overall" showing steady growth reaching about 19% by month 24, and a red line labeled "Median After Drop" showing minimal growth hovering between 0-5% throughout the period. The x-axis spans from -4 to 24 months (with 0 marking when the consumer sentiment drop occurred), and the y-axis shows percentage changes from -25% to +45%. A note indicates the baseline period was set at two months prior to when the 20% drop was recorded.