State Government Tax Collections, Other License Taxes in Pennsylvania
PAOTHLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,245.00
Year-over-Year Change
12.89%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures state government tax collections from other license taxes in Pennsylvania. It provides insights into the state's tax revenue sources and can inform economic and fiscal policy decisions.
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
Other license taxes represent a category of state government tax collections in Pennsylvania, distinct from broader sales, income, or property taxes. This data helps analyze the state's revenue mix and broader economic conditions.
Methodology
The data is collected and published by the U.S. Census Bureau through surveys of state government finances.
Historical Context
This trend is used by economists, policymakers, and analysts to assess Pennsylvania's fiscal health and economic trends.
Key Facts
- Pennsylvania collected $1.4 billion in other license taxes in 2021.
- Other license taxes account for 4% of Pennsylvania's total state tax revenue.
- This revenue source has grown by 7% annually on average over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures state government tax collections from other license taxes in Pennsylvania, a revenue source distinct from sales, income, or property taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Pennsylvania's fiscal health and the composition of its tax revenue, which is useful for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau through surveys of state government finances.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Pennsylvania's fiscal conditions and economic performance, which can inform decisions around taxation, spending, and economic development.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Other License Taxes in Pennsylvania (PAOTHLICTAX), retrieved from FRED.