State Government Tax Collections, Tobacco Products - Selective Sales Taxes in Mississippi
MSTOBACTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121,344.00
Year-over-Year Change
-22.92%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures the selective sales tax revenue from tobacco products collected by the state government of Mississippi. It is an important indicator of consumer demand, tax policy, and public health trends in the state.
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, Tobacco Products - Selective Sales Taxes in Mississippi series tracks the revenue generated from taxes on the sale of tobacco products within the state. This data is used by policymakers, economists, and market analysts to understand tobacco consumption patterns, evaluate tax policy, and assess the fiscal health of Mississippi's government.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Historical Context
Trends in tobacco tax revenue provide insights into consumer behavior, public health, and state budget conditions.
Key Facts
- Mississippi collected $80.6 million in tobacco taxes in 2021.
- Tobacco tax revenue has declined by 18% in Mississippi since 2010.
- Cigarettes account for over 90% of tobacco tax collections in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the selective sales tax revenue collected by the state government of Mississippi from the sale of tobacco products, including cigarettes, cigars, and other tobacco items.
Q: Why is this trend relevant for users or analysts?
A: Trends in tobacco tax revenue provide important insights into consumer behavior, public health trends, and the fiscal health of state governments.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this data to understand tobacco consumption patterns, evaluate tax policy, and assess the fiscal conditions of the Mississippi state government.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a delay of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Tobacco Products - Selective Sales Taxes in Mississippi (MSTOBACTAX), retrieved from FRED.