State Government Tax Collections, Tobacco Products - Selective Sales Taxes in Delaware
DETOBACTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92,389.00
Year-over-Year Change
-23.55%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from tobacco products selective sales taxes in Delaware. It provides insights into tax revenue generation and consumer demand for tobacco products in the state.
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, Tobacco Products - Selective Sales Taxes in Delaware series tracks the total amount of tax revenue collected by the Delaware state government from the selective sales tax on tobacco products. This data point is an important indicator of consumer behavior and tax policy related to tobacco consumption in the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government revenue sources.
Historical Context
This economic trend is closely monitored by policymakers, public health officials, and tobacco industry analysts.
Key Facts
- Delaware collected $47.3 million in tobacco product taxes in 2021.
- The tobacco tax rate in Delaware is $2.10 per pack of cigarettes.
- Tobacco tax revenue accounts for approximately 1.5% of Delaware's total state tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of tax revenue collected by the Delaware state government from the selective sales tax on tobacco products.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand for tobacco products and the state's tax policy related to tobacco consumption, which is of interest to policymakers, public health officials, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government revenue sources.
Q: How is this trend used in economic policy?
A: Policymakers use this data to evaluate the effectiveness of tobacco tax policies and their impact on public health and state tax revenue.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis with a delay of several months.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Tobacco Products - Selective Sales Taxes in Delaware (DETOBACTAX), retrieved from FRED.