Total Expenses for Child Day Care Services, Establishments Exempt from Federal Income Tax
Millions of Dollars
EXP6244TAXEPT144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,397.00
Year-over-Year Change
3.90%
Date Range
1/1/2009 - 1/1/2025
Summary
The 'Millions of Dollars' trend measures U.S. federal tax receipts, an important indicator of economic activity and government 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
This series represents total federal government tax receipts, including individual income taxes, corporate income taxes, social insurance and retirement receipts, and excise taxes. It is a key metric for assessing the federal government's fiscal position and economic conditions.
Methodology
The data is collected and reported quarterly by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists closely monitor this trend to gauge the strength of the economy and the government's financial standing.
Key Facts
- Tax receipts totaled $4.18 trillion in 2022.
- Individual income taxes account for the largest share of federal tax revenue.
- Corporate tax receipts have fluctuated significantly in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Millions of Dollars' trend measures total federal government tax receipts, including individual income taxes, corporate income taxes, social insurance and retirement receipts, and excise taxes.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the government's fiscal position and the overall strength of the economy. It is closely monitored by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the government's financial standing and the overall health of the economy, which informs decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a typical lag of several weeks following the end of the quarter.
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Citation
U.S. Federal Reserve, Millions of Dollars (EXP6244TAXEPT144QNSA), retrieved from FRED.