State Government Tax Collections, Individual Income Taxes in Nebraska
NEINCTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,482,372.00
Year-over-Year Change
35.03%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures individual income tax collections by the state government of Nebraska. It is an important indicator of Nebraska's fiscal health and economic conditions.
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, Individual Income Taxes in Nebraska series tracks the total amount of individual income taxes collected by the Nebraska state government. This data provides insight into the state's revenue sources and can inform policy decisions related to taxation, spending, and economic development.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by policymakers, economists, and investors to assess Nebraska's economic performance and fiscal stability.
Key Facts
- Nebraska relies on individual income taxes for a significant portion of its state revenue.
- Individual income tax collections can fluctuate with changes in employment, wages, and economic growth.
- Trends in this data are closely watched by policymakers and analysts to gauge the state's fiscal health.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of individual income taxes collected by the Nebraska state government. It provides insight into the state's revenue sources and fiscal conditions.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding Nebraska's economic and fiscal performance, as individual income tax collections are a significant revenue source for the state.
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: Policymakers, economists, and investors monitor this trend to assess Nebraska's economic conditions and fiscal stability, which can inform decisions related to taxation, spending, and economic development.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and methodologies of the U.S. Census Bureau, which may result in occasional delays or revisions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Individual Income Taxes in Nebraska (NEINCTAX), retrieved from FRED.