Total Expenses for Child Day Care Services, Establishments Subject to Federal Income Tax
Millions of Dollars
EXP6244TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,762.00
Year-over-Year Change
111.71%
Date Range
1/1/2009 - 10/1/2023
Summary
This economic trend measures U.S. corporate income tax receipts in millions of dollars. It provides insights into corporate profitability and the government's fiscal health.
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 'Millions of Dollars' trend represents the total amount of corporate income tax revenue collected by the U.S. federal government on a quarterly basis. It is a key indicator of corporate earnings and a vital data point for economic policymakers.
Methodology
The data is collected and published by the U.S. Department of the Treasury.
Historical Context
This trend is closely monitored by economists, investors, and government officials to assess the strength of the U.S. corporate sector and the overall fiscal position.
Key Facts
- Corporate income tax receipts totaled $478 billion in 2021.
- Tax receipts declined by 16% in 2020 due to the COVID-19 pandemic.
- Corporate taxes account for approximately 7% of total U.S. federal revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of corporate income tax revenue collected by the U.S. federal government on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into corporate profitability and the government's fiscal health, making it a key indicator for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Department of the Treasury.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government officials to assess the strength of the U.S. corporate sector and the overall fiscal position, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Millions of Dollars (EXP6244TAXABL144QNSA), retrieved from FRED.