State Tax Collections: T40 Individual Income Taxes for Delaware
QTAXT40QTAXCAT3DENO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
876.00
Year-over-Year Change
7.48%
Date Range
1/1/1994 - 4/1/2025
Summary
This trend measures individual income tax collections in the U.S. state of Delaware. It provides important insights into the state's fiscal conditions and economic performance.
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 Delaware metric tracks the quarterly total of individual income tax revenue collected by the Delaware state government. This data series is a key indicator used by economists and policymakers to analyze the state's fiscal health and economic trends.
Methodology
The data is collected directly from the Delaware Department of Finance and published by the U.S. Federal Reserve.
Historical Context
Analysts and policymakers closely monitor this trend to understand Delaware's economic and budgetary conditions.
Key Facts
- Delaware has no state sales tax.
- The state relies heavily on personal income taxes for revenue.
- Tax collections have fluctuated with the business cycle.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total quarterly individual income tax collections for the U.S. state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Delaware's fiscal health and economic performance, which is critical information for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected directly from the Delaware Department of Finance and published by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely monitor this trend to understand Delaware's budgetary conditions and make informed decisions about fiscal and economic policies.
Q: Are there update delays or limitations?
A: The data is published quarterly, so there may be a lag in the most recent information being available.
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Citation
U.S. Federal Reserve, State Tax Collections: T40 Individual Income Taxes for Delaware (QTAXT40QTAXCAT3DENO), retrieved from FRED.