National Totals of State Tax Revenue: T40 Individual Income Taxes, 4 Quarters Ending for the United States
This dataset tracks national totals of state tax revenue: t40 individual income taxes, 4 quarters ending for the united states over time.
Latest Value
502416.00
Year-over-Year Change
-8.29%
Date Range
1/1/1992 - 1/1/2025
Summary
The 'National Totals of State Tax Revenue: T40 Individual Income Taxes, 4 Quarters Ending for the United States' series measures total individual income tax revenue collected by U.S. state governments over a 4-quarter period. This data is a key indicator of economic activity and fiscal conditions at the state level.
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
This economic series tracks the total amount of individual income taxes collected by state governments across the United States over a rolling 4-quarter time frame. It provides insights into the overall tax revenue generation capacity and fiscal health of state budgets, which is important for policymakers and economic analysts assessing economic conditions.
Methodology
The data is collected and aggregated by the U.S. Census Bureau from reports submitted by individual state tax authorities.
Historical Context
This series is used by economists, policymakers, and market analysts to monitor trends in state-level tax revenue and economic activity.
Key Facts
- This series dates back to 1962.
- State income taxes account for over 40% of total state tax revenue.
- The data is released quarterly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This series measures the total amount of individual income taxes collected by state governments across the United States over a rolling 4-quarter period.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the overall tax revenue generation capacity and fiscal health of state budgets, which is crucial for policymakers and economic analysts assessing economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the U.S. Census Bureau from reports submitted by individual state tax authorities.
Q: How is this trend used in economic policy?
A: This series is used by economists, policymakers, and market analysts to monitor trends in state-level tax revenue and economic activity, which informs fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Census Bureau, with a typical 3-month lag between the end of the reference period and the data release.
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Citation
U.S. Federal Reserve, National Totals of State Tax Revenue: T40 Individual Income Taxes, 4 Quarters Ending for the United States (QTAXT404QEQTAXCAT2USNO), retrieved from FRED.