Poverty Tax Exemptions Under Age 65 for Arkansas
PLT65EXMAR5A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
433,000.00
Year-over-Year Change
-11.31%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of poverty tax exemptions claimed for individuals under age 65 in Arkansas. It provides insights into the economic hardship faced by lower-income populations in the state.
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 Under Age 65 for Arkansas metric tracks the number of personal income tax exemptions claimed by taxpayers below the federal poverty line who are younger than 65 years old. This data point is used by economists and policymakers to assess the financial well-being and social support needs of working-age residents in Arkansas.
Methodology
The data is collected annually by the U.S. Census Bureau through tax filing records.
Historical Context
This metric helps inform state-level policies and programs aimed at reducing poverty and income inequality.
Key Facts
- The number of poverty tax exemptions in Arkansas has increased over the past decade.
- Low-income Arkansans are more likely to claim these exemptions compared to higher-income residents.
- The data is used to target social welfare programs and identify communities with high poverty levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of personal income tax exemptions claimed by Arkansans under age 65 who are below the federal poverty line.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic hardship faced by working-age individuals in Arkansas, which is useful for policymakers and economists analyzing poverty and inequality.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau through personal income tax filing records.
Q: How is this trend used in economic policy?
A: This metric helps inform state-level policies and programs in Arkansas that aim to reduce poverty and income inequality.
Q: Are there update delays or limitations?
A: The data is published annually, so there may be a 1-year delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Poverty Tax Exemptions Under Age 65 for Arkansas (PLT65EXMAR5A647NCEN), retrieved from FRED.