State Government Tax Collections, Death and Gift Taxes in Minnesota
MNDTHGFTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
283,832.00
Year-over-Year Change
71.00%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections for death and gift taxes in Minnesota. It provides valuable insights into the state's fiscal health and revenue sources.
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, Death and Gift Taxes in Minnesota' series tracks the total amount of death and gift taxes collected by the Minnesota state government. This data is useful for analyzing the state's tax revenue composition and changes in estate and inheritance tax policies.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of its quarterly survey of state government tax collections.
Historical Context
Policymakers and economists use this trend to assess Minnesota's fiscal position and the impact of tax policy changes on state revenue.
Key Facts
- Minnesota is one of the few states that still imposes a state-level estate tax.
- Death and gift tax collections account for a small portion of Minnesota's overall tax revenue.
- Tax collections in this category can fluctuate significantly from year to year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of death and gift taxes collected by the state government of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Minnesota's fiscal health and the role of estate and inheritance taxes in the state's revenue composition.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of its quarterly survey of state government tax collections.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Minnesota's fiscal position and the impact of tax policy changes on state revenue.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a lag between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Death and Gift Taxes in Minnesota (MNDTHGFTAX), retrieved from FRED.