State Tax Collections: T09 General Sales and Gross Receipts Taxes for Wyoming
QTAXT09QTAXCAT3WYNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
230.00
Year-over-Year Change
-13.53%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures general sales and gross receipts tax collections in the state of Wyoming. It provides insight into consumer spending and economic activity within 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 State Tax Collections: T09 General Sales and Gross Receipts Taxes for Wyoming metric tracks the total revenue generated from sales taxes levied by the state government. This data is used by economists and policymakers to analyze consumption patterns, monitor fiscal health, and inform policy decisions.
Methodology
The data is collected and published by the U.S. Census Bureau based on reports from state tax agencies.
Historical Context
This trend is relevant for assessing the performance of Wyoming's economy and can inform fiscal policy at the state level.
Key Facts
- Wyoming has a statewide sales tax rate of 4%.
- Sales tax revenue accounts for over 30% of Wyoming's total state tax collections.
- General sales and gross receipts taxes are a major source of funding for state government services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue collected by the state of Wyoming from general sales and gross receipts taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending and economic activity within Wyoming, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau based on reports from Wyoming's state tax agencies.
Q: How is this trend used in economic policy?
A: This trend can inform fiscal policy decisions at the state level, as sales tax revenue is a major source of funding for government services in Wyoming.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules of the state tax agencies, which may result in slight delays in availability.
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Citation
U.S. Federal Reserve, State Tax Collections: T09 General Sales and Gross Receipts Taxes for Wyoming (QTAXT09QTAXCAT3WYNO), retrieved from FRED.