Poverty Tax Exemptions Under Age 65 for North Dakota
PLT65EXMND38A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62,000.00
Year-over-Year Change
-3.73%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of poverty tax exemptions claimed for individuals under age 65 in North Dakota. It provides insight into the prevalence of poverty and the utilization of tax relief programs 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 North Dakota metric tracks the number of individuals under the age of 65 who claim tax exemptions due to low income levels. This data point is used by economists and policymakers to assess the extent of poverty and the effectiveness of tax policies aimed at supporting low-income populations in the state.
Methodology
The data is collected by the U.S. Census Bureau through individual tax filings.
Historical Context
This trend is relevant for understanding the socioeconomic conditions and the potential need for policy interventions to address poverty in North Dakota.
Key Facts
- North Dakota has a lower poverty rate compared to the national average.
- The number of poverty tax exemptions claimed has declined over the past decade.
- Poverty tax exemptions provide financial relief to low-income individuals and families.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of poverty tax exemptions claimed by individuals under the age of 65 in North Dakota. It provides insight into the prevalence of poverty in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the socioeconomic conditions and the potential need for policy interventions to address poverty in North Dakota.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through individual tax filings.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the extent of poverty and the effectiveness of tax policies aimed at supporting low-income populations in North Dakota.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of individual tax filings and Census Bureau reporting.
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Citation
U.S. Federal Reserve, Poverty Tax Exemptions Under Age 65 for North Dakota (PLT65EXMND38A647NCEN), retrieved from FRED.