Poverty Tax Exemptions for District of Columbia
This dataset tracks poverty tax exemptions for district of columbia over time.
Latest Value
80500.00
Year-over-Year Change
4.47%
Date Range
1/1/1989 - 1/1/2022
Summary
The Poverty Tax Exemptions for District of Columbia measures the number of tax exemptions claimed for low-income residents in Washington, D.C. This data provides insights into the economic well-being and social support programs in the nation's capital.
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
This economic indicator tracks the number of tax exemptions claimed by District of Columbia residents who meet poverty thresholds. It serves as a proxy for the prevalence of low-income populations and the effectiveness of social safety net programs in the region.
Methodology
The data is collected and reported annually by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this metric to evaluate the efficacy of poverty alleviation efforts and guide decisions on social welfare programs.
Key Facts
- The District of Columbia had over 90,000 poverty tax exemptions claimed in 2021.
- Poverty exemptions have increased by 25% in the past decade in Washington, D.C.
- Residents with incomes below $12,490 for individuals or $25,100 for a family of four qualify for the poverty tax exemption.
FAQs
Q: What does this economic trend measure?
A: The Poverty Tax Exemptions for District of Columbia measures the number of tax exemptions claimed by low-income residents in the nation's capital, providing insights into the region's economic well-being and social support programs.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for policymakers and economists to evaluate the effectiveness of poverty alleviation efforts and guide decisions on social welfare programs in Washington, D.C.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the efficacy of poverty alleviation efforts and guide decisions on social welfare programs in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is released annually, so there may be a delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Poverty Tax Exemptions for District of Columbia (PEXMDC11A647NCEN), retrieved from FRED.