State Government Tax Collections, Total Income Taxes in Hawaii
HITLINCTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,795,096.00
Year-over-Year Change
134.12%
Date Range
1/1/1955 - 1/1/2024
Summary
The 'State Government Tax Collections, Total Income Taxes in Hawaii' trend measures the total income tax revenue collected by the state government of Hawaii. This data is crucial for economists and policymakers to understand Hawaii's fiscal health and revenue sources.
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 the total amount of income taxes collected by the Hawaii state government. It is an important indicator of the state's economic performance and tax base. Economists and analysts use this data to assess Hawaii's fiscal policy, budget planning, and revenue trends.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government finances.
Historical Context
This metric is widely used by policymakers, economists, and investors to monitor Hawaii's economic and fiscal conditions.
Key Facts
- Hawaii does not have a state sales tax.
- Income taxes account for over 50% of Hawaii's state tax revenue.
- State tax collections are an important funding source for public services in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of income taxes collected by the state government of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding Hawaii's fiscal health, revenue sources, and economic performance.
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, economists, and investors use this metric to monitor Hawaii's economic and fiscal conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, providing timely insights into Hawaii's tax revenue trends.
Related Trends
Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Hawaii
HIRETAILQQGSP
Electric Power Carbon Dioxide Emissions, Distillate Fuel for Hawaii
EMISSCO2VDKEIBHIA
Number of Identified Exporters to France from Hawaii
HIFRAA475SCEN
Pandemic Unemployment Assistance Initial Claims in Hawaii
PUAICHI
Number of Identified Exporters to Switzerland from Hawaii
HICHEA475SCEN
Job Losers and Persons Who Completed Temporary Jobs, as a Percent of the Civilian Labor Force for Hawaii
U2UNEM2HI
Citation
U.S. Federal Reserve, State Government Tax Collections, Total Income Taxes in Hawaii (HITLINCTAX), retrieved from FRED.