State Tax Collections: T40 Individual Income Taxes for Arizona
This dataset tracks state tax collections: t40 individual income taxes for arizona over time.
Latest Value
938.00
Year-over-Year Change
-26.66%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures individual income tax collections for the state of Arizona. It is an important indicator of economic activity and fiscal health in the state.
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: T40 Individual Income Taxes for Arizona metric tracks the total amount of personal income taxes collected by the Arizona state government. This data provides insight into broader economic and budgetary trends within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government finance.
Historical Context
Policymakers and analysts use this metric to assess Arizona's fiscal position and economic performance.
Key Facts
- Arizona relies heavily on individual income taxes as a revenue source.
- Individual income tax collections account for over 40% of Arizona's total tax revenue.
- Personal income tax rates in Arizona range from 2.59% to 4.5%.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total amount of individual income taxes collected by the state government of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Arizona's fiscal health and economic performance, which is relevant for policymakers, businesses, and residents.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Arizona's fiscal position and make informed decisions about budgets, taxes, and economic development.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the U.S. Census Bureau, which may result in some update delays.
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Citation
U.S. Federal Reserve, State Tax Collections: T40 Individual Income Taxes for Arizona (QTAXT40QTAXCAT3AZNO), retrieved from FRED.