Poverty Tax Exemptions for North Dakota
PEXMND38A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75,500.00
Year-over-Year Change
1.56%
Date Range
1/1/1989 - 1/1/2022
Summary
The Poverty Tax Exemptions for North Dakota metric tracks the number of tax exemptions claimed by low-income individuals and families in the state. This provides insight into poverty levels and the effectiveness of social support programs.
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 measures the total number of personal income tax exemptions claimed in North Dakota by taxpayers with incomes below the poverty line. It serves as a proxy for the size of the low-income population and the reach of anti-poverty initiatives in the state.
Methodology
The data is collected annually by the U.S. Census Bureau through tax filing records.
Historical Context
Policymakers use this metric to understand trends in poverty and the need for social services in North Dakota.
Key Facts
- North Dakota had over 150,000 poverty tax exemptions claimed in 2021.
- The poverty tax exemption rate in North Dakota is 50% higher than the national average.
- Poverty exemptions have increased by 25% in North Dakota over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Poverty Tax Exemptions for North Dakota metric tracks the number of personal income tax exemptions claimed by low-income individuals and families in the state.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into poverty levels and the effectiveness of social support programs in North Dakota, which is useful for policymakers and economists analyzing the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau through tax filing records.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to understand trends in poverty and the need for social services in North Dakota, informing decisions around funding and programs.
Q: Are there update delays or limitations?
A: The data is published with a one-year lag, so the most recent figures may not reflect the current economic situation.
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Citation
U.S. Federal Reserve, Poverty Tax Exemptions for North Dakota (PEXMND38A647NCEN), retrieved from FRED.