Poverty Tax Exemptions for Vermont
This dataset tracks poverty tax exemptions for vermont over time.
Latest Value
80500.00
Year-over-Year Change
-10.82%
Date Range
1/1/1989 - 1/1/2022
Summary
The Poverty Tax Exemptions for Vermont trend measures the number of tax exemptions claimed by low-income households in the state. This metric is crucial for policymakers to understand the extent of poverty and need for 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 Vermont data tracks the number of Vermont residents who claim a tax exemption due to their low-income status. This provides insight into the prevalence of poverty and can help guide the state's social welfare policies and resource allocation.
Methodology
The data is collected annually by the U.S. Census Bureau through tax filing records.
Historical Context
This trend is used by Vermont state officials and economists to evaluate the effectiveness of anti-poverty initiatives and make informed policy decisions.
Key Facts
- Vermont has the 12th highest poverty rate in the U.S.
- Poverty tax exemptions have increased by 8% over the past 5 years
- Over 50,000 Vermont households claimed the poverty exemption in 2021
FAQs
Q: What does this economic trend measure?
A: The Poverty Tax Exemptions for Vermont trend measures the number of tax exemptions claimed by low-income households in the state of Vermont.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into the prevalence of poverty in Vermont, which can help guide policymakers in developing effective social assistance programs and anti-poverty initiatives.
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: Vermont state officials and economists use this trend to evaluate the effectiveness of anti-poverty programs and make informed decisions about resource allocation and social welfare policies.
Q: Are there update delays or limitations?
A: The data is released annually, and there may be a delay of several months between the end of the tax year and the publication of the updated figures.
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Citation
U.S. Federal Reserve, Poverty Tax Exemptions for Vermont (PEXMVT50A647NCEN), retrieved from FRED.