State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in Massachusetts
MAPARITAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,080.00
Year-over-Year Change
-48.52%
Date Range
1/1/1951 - 1/1/2022
Summary
This trend measures state government tax collections from pari-mutuel selective sales taxes in Massachusetts. It is an important indicator of economic activity and revenue for state policymakers.
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 MAPARITAX series tracks the total amount of state government tax revenue collected from pari-mutuel selective sales taxes in Massachusetts. This data is used by economists and policymakers to analyze trends in state tax revenue and assess the economic conditions in the Commonwealth.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This metric is relevant for understanding state fiscal conditions and the performance of the pari-mutuel betting industry in Massachusetts.
Key Facts
- Massachusetts has a 5% pari-mutuel betting tax.
- Pari-mutuel taxes account for a small portion of total state tax collections.
- Tax revenue from this source has declined in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of state government tax revenue collected from pari-mutuel selective sales taxes in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding state fiscal conditions and the performance of the pari-mutuel betting industry in Massachusetts.
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: Economists and policymakers use this data to analyze trends in state tax revenue and assess the economic conditions in the Commonwealth.
Q: Are there update delays or limitations?
A: The data is subject to the normal update schedule and limitations of the U.S. Census Bureau's reporting.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in Massachusetts (MAPARITAX), retrieved from FRED.