Poverty Tax Exemptions for Oklahoma
PEXMOK40A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
647,000.00
Year-over-Year Change
2.33%
Date Range
1/1/1989 - 1/1/2022
Summary
The Poverty Tax Exemptions for Oklahoma metric tracks the number of tax exemptions claimed by low-income individuals and households in the state. This provides valuable insight into poverty levels and the effectiveness of social assistance 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
The Poverty Tax Exemptions for Oklahoma data reflects the total number of state tax exemptions claimed by residents living below the poverty line. This metric helps economists and policymakers understand the prevalence of poverty and the reach of support services in the state.
Methodology
The data is collected annually by the Oklahoma Tax Commission based on individual tax return filings.
Historical Context
Tracking poverty exemptions allows lawmakers to evaluate the impacts of economic policies and social welfare programs.
Key Facts
- Oklahoma has the 5th highest poverty rate among U.S. states.
- Poverty exemptions account for over 20% of total tax filings in the state.
- The number of poverty exemptions has increased by 12% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Poverty Tax Exemptions for Oklahoma metric tracks the number of state tax exemptions claimed by residents living below the poverty line.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into poverty levels and the effectiveness of social assistance programs in Oklahoma.
Q: How is this data collected or calculated?
A: The data is collected annually by the Oklahoma Tax Commission based on individual tax return filings.
Q: How is this trend used in economic policy?
A: Tracking poverty exemptions allows lawmakers to evaluate the impacts of economic policies and social welfare programs in the state.
Q: Are there update delays or limitations?
A: The data is released annually with a 6-month delay due to tax filing deadlines.
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Citation
U.S. Federal Reserve, Poverty Tax Exemptions for Oklahoma (PEXMOK40A647NCEN), retrieved from FRED.