Total Tax Exemptions Under Age 65 for Maine
This dataset tracks total tax exemptions under age 65 for maine over time.
Latest Value
932000.00
Year-over-Year Change
-4.97%
Date Range
1/1/1989 - 1/1/2022
Summary
This data series tracks the total number of tax exemptions claimed by individuals under age 65 in the state of Maine. It provides insights into Maine's demographic and economic trends.
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 total tax exemptions under age 65 for Maine is a key metric used by economists and policymakers to analyze the state's working-age population and household composition. It can be indicative of factors like employment, income levels, and cost of living.
Methodology
The data is collected annually by the U.S. Census Bureau through tax return filings.
Historical Context
This trend is closely monitored by state and federal agencies to inform tax, labor, and social policies.
Key Facts
- Maine has an aging population with a high proportion of residents over 65.
- Tax exemptions can indicate household size and economic resources.
- Trends in this metric can inform state-level policy decisions.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of tax exemptions claimed by individuals under age 65 in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: The total tax exemptions under age 65 for Maine is a key metric used by economists and policymakers to analyze the state's working-age population and household composition, which can indicate factors like employment, income levels, and cost of living.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau through tax return filings.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by state and federal agencies to inform tax, labor, and social policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Total Tax Exemptions Under Age 65 for Maine (LT65EXMME23A647NCEN), retrieved from FRED.