State Government Tax Collections, Corporation Net Income Taxes in Delaware
DECORPINCTX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
537,846.00
Year-over-Year Change
104.99%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures corporation net income tax collections by the state government of Delaware. It provides insights into Delaware's corporate tax revenue and the state's economic conditions.
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, Corporation Net Income Taxes in Delaware metric tracks the revenue generated by the Delaware state government through taxes on corporate net income. This data point is valuable for analyzing Delaware's fiscal health, corporate activity, and tax policy impacts.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This trend is used by economists, policymakers, and investors to assess Delaware's economic performance and tax environment.
Key Facts
- Delaware is one of a few U.S. states with no sales tax.
- Corporate income taxes account for around 10% of Delaware's total tax revenue.
- The state's favorable tax climate has attracted many companies to incorporate in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the amount of corporation net income taxes collected by the state government of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into Delaware's corporate tax revenue and the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and investors use this trend to assess Delaware's economic performance and tax environment.
Q: Are there update delays or limitations?
A: The data is published quarterly, but there may be a lag of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Corporation Net Income Taxes in Delaware (DECORPINCTX), retrieved from FRED.