State Government Tax Collections, Total Other Taxes in Delaware
DETLOTHTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
220,445.00
Year-over-Year Change
29.40%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures the total state government tax collections from other taxes in Delaware. It provides insights into the state's fiscal health and revenue sources beyond traditional taxes.
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, Total Other Taxes in Delaware series tracks the total amount of state tax revenue collected from sources beyond individual income, corporate income, and sales taxes. This metric offers a broader view of Delaware's overall tax base and financial standing.
Methodology
The data is collected and calculated by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Historical Context
This trend is closely monitored by policymakers, researchers, and analysts to understand Delaware's fiscal policies and economic conditions.
Key Facts
- Delaware relies on other taxes for around 20% of its state tax revenue.
- This metric has shown steady growth over the past decade.
- Other taxes include license fees, property taxes, and various excise taxes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total state government tax collections from sources in Delaware beyond individual income, corporate income, and sales taxes.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a broader view of Delaware's overall tax base and fiscal health, beyond the state's major tax categories.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Q: How is this trend used in economic policy?
A: Policymakers, researchers, and analysts closely monitor this trend to understand Delaware's fiscal policies and economic conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly, so there may be a several-month delay in the most recent figures.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total Other Taxes in Delaware (DETLOTHTAX), retrieved from FRED.