State Tax Collections: T11 Amusements Sales Tax for the United States
This dataset tracks state tax collections: t11 amusements sales tax for the united states over time.
Latest Value
3072.00
Year-over-Year Change
21.33%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend tracks amusement sales tax collections at the state level for the United States. It provides insights into consumer spending on recreational activities and entertainment.
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: T11 Amusements Sales Tax metric measures the revenue generated from sales taxes imposed on amusement-related goods and services, such as movie tickets, sporting events, and other leisure activities. This data offers valuable insights into consumer behavior and the health of the entertainment industry.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess consumer spending patterns and the overall state of the economy.
Key Facts
- Amusement sales tax accounts for a small portion of overall state tax revenue.
- The trend has shown volatility, reflecting changes in consumer discretionary spending.
- Policymakers monitor this data to assess the health of the entertainment and leisure sectors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales tax revenue collected by U.S. states on amusement-related goods and services, such as movie tickets, sporting events, and other leisure activities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and the health of the entertainment industry, which are important indicators of overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their State Tax Collections program.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess consumer behavior and the state of the entertainment sector, which can inform policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may not capture all state-level amusement sales tax collections due to differences in reporting and tax structures across states.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for the United States (QTAXT11QTAXCAT3USNO), retrieved from FRED.