Seasonally Adjusted
This dataset tracks seasonally adjusted over time.
Latest Value
551925.00
Year-over-Year Change
-6.96%
Date Range
1/1/2009 - 1/1/2025
Summary
The Seasonally Adjusted economic trend measures the quarter-over-quarter change in total tax collections in the United States, adjusted for seasonal variations. This metric provides insight into the underlying strength of government revenue streams.
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 Seasonally Adjusted data series tracks the quarter-over-quarter percentage change in total tax collections, including federal, state, and local taxes. Economists and policymakers analyze this metric to gauge the health of government finances and the broader economy.
Methodology
The U.S. Census Bureau collects and seasonally adjusts the tax revenue data.
Historical Context
Trends in tax collections are closely monitored by government officials, financial markets, and economic analysts.
Key Facts
- Tax collections account for over 30% of U.S. GDP.
- Seasonal adjustments help identify underlying economic trends.
- Sustained declines in tax revenues can signal an economic slowdown.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series tracks the quarter-over-quarter percentage change in total tax collections in the United States, adjusted to remove seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Trends in tax collections provide valuable insights into the health of government finances and the broader economy, making this metric closely watched by policymakers, financial markets, and economic analysts.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects the underlying tax revenue data and applies seasonal adjustments.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess the strength of government revenue streams and identify potential economic slowdowns or expansions.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted data is released quarterly by the U.S. Census Bureau, with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (QTAXT404QEQTAXCAT1USYES), retrieved from FRED.