State Government Tax Collections, Total Taxes in Indiana
This dataset tracks state government tax collections, total taxes in indiana over time.
Latest Value
26123567.00
Year-over-Year Change
60.37%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures total tax revenue collected by the state government of Indiana. It is a key indicator of the state's fiscal health and economic activity.
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 Taxes in Indiana series tracks the total tax revenue received by the Indiana state government. This includes income taxes, sales taxes, property taxes, and other state-level taxes. The data is used by economists and policymakers to analyze Indiana's fiscal and economic conditions.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This metric is widely followed by investors, businesses, and government officials to gauge Indiana's economic performance and fiscal position.
Key Facts
- Indiana collects over $20 billion in total state taxes annually.
- Tax collections grew by 5.2% in 2021 compared to the prior year.
- Sales tax accounts for the largest share of Indiana's state tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Indiana, including income taxes, sales taxes, and other state-level taxes.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Indiana's fiscal health and economic activity, and is closely monitored by investors, businesses, and government officials.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess Indiana's fiscal position and make decisions about taxation, spending, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a typical lag of 3-6 months.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total Taxes in Indiana (INTOTLTAX), retrieved from FRED.