State Government Tax Collections, Taxes Not Elsewhere Classified in Delaware
DENOCLSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,701.00
Year-over-Year Change
28.57%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections in Delaware for taxes not classified elsewhere. It provides important insights into the state's fiscal health and revenue sources.
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, Taxes Not Elsewhere Classified in Delaware' metric tracks tax revenue collected by the Delaware state government that does not fall under major categories like sales, income, or property taxes. This helps economists and policymakers analyze the diversity and composition of the state's tax base.
Methodology
The data is collected and reported by the U.S. Census Bureau through its state and local government tax collections program.
Historical Context
This trend is widely used by state officials, economic analysts, and investors to assess Delaware's fiscal conditions and policy environment.
Key Facts
- Delaware's 'taxes not elsewhere classified' revenue totaled $167 million in 2021.
- This category accounts for approximately 5% of Delaware's total state tax collections.
- Revenues in this tax class have grown by 7.4% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures state government tax collections in Delaware for taxes that are not classified under major categories like sales, income, or property taxes.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the diversity and composition of Delaware's tax base, which is useful for economists, policymakers, and investors assessing the state's fiscal health and policy environment.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its state and local government tax collections program.
Q: How is this trend used in economic policy?
A: State officials, economic analysts, and investors use this trend to assess Delaware's fiscal conditions and policy environment.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Taxes Not Elsewhere Classified in Delaware (DENOCLSTAX), retrieved from FRED.