State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Delaware
DEALCOTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,680.00
Year-over-Year Change
79.45%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures state government tax collections from selective sales taxes on alcoholic beverages in Delaware. It provides insights into the state's revenue sources and consumer alcohol consumption patterns.
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 'State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Delaware' trend represents the total tax revenue the Delaware state government collects from selective sales taxes on alcoholic beverages. This data is used by economists and policymakers to analyze the state's fiscal position and consumer behavior.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax authorities.
Historical Context
This trend is relevant for assessing Delaware's tax policy, budgeting, and the broader alcohol market.
Key Facts
- Delaware levies a 7% selective sales tax on alcoholic beverages.
- Alcoholic beverage taxes accounted for 1.2% of Delaware's total state tax revenue in 2020.
- Alcohol tax collections in Delaware have increased by 13% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of selective sales taxes collected by the Delaware state government on the sale of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Delaware's tax revenue sources and consumer alcohol consumption patterns, which are important for state budgeting and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax authorities.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess Delaware's fiscal position, tax policy, and the broader alcohol market.
Q: Are there update delays or limitations?
A: The data is published quarterly with a slight delay, and may not capture all sales tax collections due to reporting differences across states.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Delaware (DEALCOTAX), retrieved from FRED.