State Tax Collections: T10 Alcoholic Beverages Sales Tax for Washington
QTAXT10QTAXCAT3WANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.00
Year-over-Year Change
-4.84%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from the sales of alcoholic beverages in Washington. It is an important indicator of consumer demand and state government revenue.
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: T10 Alcoholic Beverages Sales Tax for Washington tracks the monthly total state tax revenue from the sale of alcoholic drinks in the state. This provides insight into consumer spending patterns and helps analysts assess the fiscal health of Washington's state government.
Methodology
The data is collected directly from the Washington State Department of Revenue.
Historical Context
This trend is closely monitored by state policymakers and economists to understand the economic conditions and consumer behavior in Washington.
Key Facts
- Washington's alcoholic beverage sales tax revenue totaled $32.4 million in 2021.
- Alcoholic beverage sales taxes account for 2.5% of Washington's total state tax collections.
- Washington has a 20.5% state sales tax on the retail price of alcoholic drinks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total state tax revenue collected from the sale of alcoholic beverages in Washington.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer spending on alcoholic drinks and is an important indicator of Washington's fiscal health and tax revenue.
Q: How is this data collected or calculated?
A: The data is collected directly from the Washington State Department of Revenue.
Q: How is this trend used in economic policy?
A: State policymakers and economists closely monitor this trend to understand consumer behavior and assess the fiscal conditions in Washington.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month delay.
Related Trends
National Totals of State and Local Tax Revenue: T41 Corporation Net Income Taxes for the United States
QTAXT41QTAXCAT1USYES
State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for West Virginia
QTAXT19QTAXCAT3WVNO
State Tax Collections: T41 Corporation Net Income Taxes for Maine
QTAXT41QTAXCAT3MENO
Individual Income Tax Filing: Returns of Heads of Households
RTHOHH
Poverty Tax Exemptions for Colorado
PEXMCO8A647NCEN
State Tax Collections: T14 Pari-Mutuels Sales Tax for Tennessee
QTAXT14QTAXCAT3TNNO
Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for Washington (QTAXT10QTAXCAT3WANO), retrieved from FRED.