National Totals of State Tax Revenue: T09 General Sales and Gross Receipts Taxes, 4 Quarters Ending for the United States
QTAXT094QEQTAXCAT2USNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
471,089.00
Year-over-Year Change
13.28%
Date Range
1/1/1992 - 1/1/2025
Summary
This economic trend measures total state-level sales and gross receipts tax revenue in the United States over a four-quarter period. It provides insight into consumer spending and state fiscal conditions.
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 National Totals of State Tax Revenue: T09 General Sales and Gross Receipts Taxes, 4 Quarters Ending for the United States tracks aggregate quarterly state-level sales and gross receipts tax collections. This metric is a key indicator of consumer demand and economic activity, as well as state government budgets and fiscal policy.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of state tax agencies.
Historical Context
Policymakers and analysts use this trend to assess the health of state economies and consumer spending patterns.
Key Facts
- Sales taxes account for over 30% of total state tax revenue.
- This metric reached a record high of $1.2 trillion in 2021.
- Consumer spending on goods and services drives over 2/3 of U.S. economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of sales and gross receipts taxes collected by state governments in the United States over a four-quarter period.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and the fiscal health of state governments, which are important for economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state tax agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of consumer demand and state budgets, which informs fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
Related Trends
Median Adjusted Gross Income for Kansas
MEDAGIKS20A052NCEN
State Tax Collections: T21 Amusements License for North Carolina
QTAXT21QTAXCAT3NCNO
State Tax Collections: T16 Tobacco Products Sales Tax for the United States
QTAXT16QTAXCAT3USNO
Mean Adjusted Gross Income for Texas
MEANAGITX48A052NCEN
Age 65 and Over Tax Exemptions for Virginia
AGEXMVA51A647NCEN
Age 65 and Over Tax Exemptions for Illinois
AGEXMIL17A647NCEN
Citation
U.S. Federal Reserve, National Totals of State Tax Revenue: T09 General Sales and Gross Receipts Taxes, 4 Quarters Ending for the United States (QTAXT094QEQTAXCAT2USNO), retrieved from FRED.