Age 65 and Over Tax Exemptions for Mississippi
This dataset tracks age 65 and over tax exemptions for mississippi over time.
Latest Value
294000.00
Year-over-Year Change
46.43%
Date Range
1/1/1989 - 1/1/2022
Summary
This data series tracks the number of tax exemptions claimed for individuals aged 65 and over in the state of Mississippi. It provides insight into the size and demographics of the state's elderly population.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Age 65 and Over Tax Exemptions for Mississippi data represents the total number of personal income tax exemptions claimed by residents aged 65 and older. This metric serves as a proxy for the elderly population and can be used to analyze demographic and tax policy trends in the state.
Methodology
The data is collected by the U.S. Census Bureau through state-level income tax filings.
Historical Context
This trend is useful for policymakers and researchers studying the economic well-being and tax burden of Mississippi's aging population.
Key Facts
- The number of tax exemptions for Mississippians aged 65 and over was 302,700 in 2020.
- From 2010 to 2020, the number of tax exemptions for the elderly in Mississippi increased by 14.3%.
- Mississippi has one of the highest proportions of residents aged 65 and over in the United States.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of personal income tax exemptions claimed by Mississippi residents aged 65 and older, providing insight into the state's elderly population.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for policymakers and researchers studying demographic and tax policy trends related to Mississippi's aging population.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state-level income tax filings.
Q: How is this trend used in economic policy?
A: This trend can inform policy decisions regarding tax incentives, social services, and programs targeting the elderly population in Mississippi.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule of the U.S. Census Bureau and may have a delay of several months or more.
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Citation
U.S. Federal Reserve, Age 65 and Over Tax Exemptions for Mississippi (AGEXMMS28A647NCEN), retrieved from FRED.