State Government Tax Collections, Total Selective Sales Taxes in Delaware
DETLSLTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
658,914.00
Year-over-Year Change
34.19%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures total selective sales tax collections by the state government of Delaware. It provides insight into the state's tax revenue and consumer spending 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, Total Selective Sales Taxes in Delaware' metric tracks the total amount of selective sales taxes collected by the Delaware state government. Selective sales taxes are levied on specific goods and services, and this data is used to analyze the state's tax revenue generation and consumption trends.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government finances.
Historical Context
This economic indicator is relevant for policymakers, analysts, and businesses to understand Delaware's fiscal health and consumer behavior.
Key Facts
- Delaware collected over $1 billion in total selective sales taxes in 2021.
- Selective sales taxes account for approximately 25% of Delaware's total state tax revenue.
- Motor fuel taxes are the largest component of Delaware's selective sales tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of selective sales taxes collected by the state government of Delaware. Selective sales taxes are levied on specific goods and services, rather than on all sales.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Delaware's tax revenue generation and consumer spending patterns, which is relevant for policymakers, economists, and businesses operating in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government finances.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Delaware's fiscal health, consumer behavior, and the impact of tax policies on the state's economy.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay by the Census Bureau. There may also be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total Selective Sales Taxes in Delaware (DETLSLTAX), retrieved from FRED.