State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Delaware
DEOTHSLSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
179,417.00
Year-over-Year Change
103.70%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from other selective sales and gross receipts taxes in Delaware. It provides insights into the state's tax revenue sources and economic activity.
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, Other Selective Sales and Gross Receipts Taxes in Delaware' series tracks the revenue collected by the Delaware state government from taxes on specific goods and services, excluding general sales taxes. This data is used by policymakers and analysts to understand the state's fiscal position and economic trends.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Historical Context
This trend is relevant for assessing Delaware's economic performance and informing state fiscal and regulatory policies.
Key Facts
- Delaware relies on other selective sales and gross receipts taxes for a significant portion of its state tax revenue.
- This tax revenue can fluctuate with changes in consumer spending and economic activity in the state.
- Monitoring this trend helps policymakers understand the state's fiscal health and make informed decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the Delaware state government from taxes on specific goods and services, excluding general sales taxes.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Delaware's fiscal position and economic activity, which is important for policymakers and analysts to understand.
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 agencies.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess Delaware's economic performance and inform state fiscal and regulatory policies.
Q: Are there update delays or limitations?
A: The data is subject to the timely reporting of information by state government agencies to the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Delaware (DEOTHSLSTAX), retrieved from FRED.