Federal Budget Receipts, Income Tax for United States
M1502BUSM144NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,478.10
Year-over-Year Change
10.30%
Date Range
2/1/1953 - 4/1/1959
Summary
This economic trend measures U.S. federal government budget receipts from individual income taxes. It is a key 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
The Federal Budget Receipts, Income Tax for United States series tracks the monthly total of individual income tax payments collected by the federal government. This data is used by economists and policymakers to analyze the strength of consumer income and the government's fiscal position.
Methodology
The data is collected and reported by the U.S. Department of the Treasury.
Historical Context
Trends in individual income tax receipts are closely watched for insights into broader economic conditions and the government's ability to fund policy priorities.
Key Facts
- Income taxes account for over 40% of total U.S. federal government revenue.
- Monthly income tax receipts typically peak in April around the tax filing deadline.
- Weak growth in income tax receipts can signal an economic slowdown.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monthly amount of individual income tax payments collected by the U.S. federal government.
Q: Why is this trend relevant for users or analysts?
A: Trends in income tax receipts provide insight into the strength of consumer income and the government's overall fiscal position.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Department of the Treasury.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor income tax receipts to assess the broader economy and the government's ability to fund priorities.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights on economic and fiscal conditions.
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Citation
U.S. Federal Reserve, Federal Budget Receipts, Income Tax for United States (M1502BUSM144NNBR), retrieved from FRED.