National Totals of State and Local Tax Revenue: T10 Alcoholic Beverages Sales Tax for the United States
This dataset tracks national totals of state and local tax revenue: t10 alcoholic beverages sales tax for the united states over time.
Latest Value
1513.00
Year-over-Year Change
9.32%
Date Range
1/1/1992 - 10/1/2010
Summary
This economic trend measures state and local tax revenue from alcoholic beverage sales across the United States. It provides valuable insights into consumer demand and government fiscal policy.
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 and Local Tax Revenue: T10 Alcoholic Beverages Sales Tax metric tracks the aggregate tax revenue generated from sales of alcoholic products by state and local governments. This data is useful for analyzing consumption patterns, tax policy, and fiscal trends.
Methodology
The data is collected by the U.S. Census Bureau through state and local government tax revenue reporting.
Historical Context
Policymakers and economists use this metric to monitor consumer behavior and assess the impact of tax policy changes on government budgets.
Key Facts
- Alcoholic beverage sales taxes account for a small but stable portion of state and local tax revenue.
- Tax rates on alcohol vary significantly across U.S. states and localities.
- Trends in this metric can signal changes in consumer spending and preferences.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total state and local tax revenue generated from the sale of alcoholic beverages across the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand for alcohol and the fiscal impact of related tax policies, which are important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state and local government tax revenue reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor consumer behavior and assess the impact of tax policy changes on government budgets.
Q: Are there update delays or limitations?
A: There may be delays in reporting and publishing this data from state and local sources.
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Citation
U.S. Federal Reserve, National Totals of State and Local Tax Revenue: T10 Alcoholic Beverages Sales Tax for the United States (QTAXT10QTAXCAT1USNO), retrieved from FRED.