Total Tax Exemptions Under Age 65 for Missouri
This dataset tracks total tax exemptions under age 65 for missouri over time.
Latest Value
4279000.00
Year-over-Year Change
-4.73%
Date Range
1/1/1989 - 1/1/2022
Summary
This data series tracks the total number of tax exemptions claimed by Missouri residents under age 65. It provides insights into demographic and economic trends that are valuable for policymakers and economists.
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 Missouri is a measure of the working-age population in the state. It represents the number of personal tax exemptions claimed on tax returns, excluding those 65 and older, which can be used to analyze employment, income, and other economic factors.
Methodology
The data is collected through tax return filings and compiled by the U.S. Census Bureau.
Historical Context
This metric is frequently used by economists and policymakers to monitor economic conditions and guide decision-making.
Key Facts
- Missouri has over 4 million tax exemptions under age 65.
- The metric has declined by 2.5% over the past 5 years.
- Tax exemptions are a proxy for the state's economically active population.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of tax exemptions claimed by Missouri residents under age 65, providing insights into the state's working-age population and economic activity.
Q: Why is this trend relevant for users or analysts?
A: The total tax exemptions under age 65 for Missouri is an important metric for economists and policymakers to monitor economic conditions, demographic trends, and guide decision-making.
Q: How is this data collected or calculated?
A: The data is collected through tax return filings and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is frequently used by economists and policymakers to analyze employment, income, and other economic factors in Missouri, and to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the timely filing of tax returns and may have a delay of several months before being published.
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Citation
U.S. Federal Reserve, Total Tax Exemptions Under Age 65 for Missouri (LT65EXMMO29A647NCEN), retrieved from FRED.