State Tax Collections: T40 Individual Income Taxes for Florida
This dataset tracks state tax collections: t40 individual income taxes for florida over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2013
Summary
This economic trend measures individual income tax collections in the state of Florida. It is an important indicator of the state's fiscal health and economic conditions.
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 Florida series tracks the revenue generated from individual income taxes in the state of Florida. This metric is closely monitored by policymakers, economists, and analysts to assess the financial stability and growth potential of the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government tax agencies.
Historical Context
This trend is used to inform economic and fiscal policy decisions at the state level.
Key Facts
- Florida has no state-level personal income tax.
- Individual income taxes account for over 30% of Florida's total tax revenue.
- Florida's individual income tax collections have grown by an average of 5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue generated from individual income taxes collected by the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of Florida's fiscal health and economic conditions, as individual income taxes are a major source of state revenue.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government tax agencies.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and analysts to inform economic and fiscal policy decisions at the state level in Florida.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay by the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T40 Individual Income Taxes for Florida (QTAXT40QTAXCAT3FLNO), retrieved from FRED.