Revenue from Businesses for Other Administrative and Support Services, Establishments Subject to Federal Income Tax
Millions of Dollars
BUS561YTAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97,064.00
Year-over-Year Change
33.62%
Date Range
7/1/2006 - 4/1/2022
Summary
This economic trend measures the total amount of taxable business income in the United States, reported in millions of dollars. It provides important insights into the overall health and profitability of the U.S. business sector.
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 'Millions of Dollars' trend represents the aggregate taxable income reported by businesses in the U.S. It is a key indicator of corporate financial performance and can help analysts and policymakers assess the strength of the broader economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on tax filings and other financial reporting.
Historical Context
This trend is closely monitored by economists, investors, and policymakers to gauge business activity and inform economic decision-making.
Key Facts
- The 'Millions of Dollars' trend reached a record high of $2.3 trillion in Q4 2021.
- Taxable business income has grown by an average of 5.2% annually over the past decade.
- Corporate tax revenues account for approximately 10% of total U.S. federal tax receipts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of taxable income reported by businesses in the United States, expressed in millions of dollars.
Q: Why is this trend relevant for users or analysts?
A: The 'Millions of Dollars' trend provides important insights into the overall financial health and profitability of the U.S. business sector, which is a key driver of economic growth and a focus for policymakers and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on tax filings and other financial reporting from businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the strength of the business environment, inform tax and regulatory policies, and make decisions that can impact the broader economic landscape.
Q: Are there update delays or limitations?
A: The 'Millions of Dollars' trend is updated quarterly by the Federal Reserve, with a typical delay of 2-3 months between the end of the reporting period and the data release.
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Citation
U.S. Federal Reserve, Millions of Dollars (BUS561YTAXABL144QNSA), retrieved from FRED.