State Tax Collections: T40 Individual Income Taxes for Texas
QTAXT40QTAXCAT3TXNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2010
Summary
This economic trend measures individual income tax collections in the state of Texas. It is an important indicator of state 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 Texas series tracks the total amount of individual income taxes collected by the state government of Texas. This data provides insight into the state's revenue sources and can be used to analyze economic trends and policy decisions.
Methodology
The data is collected and published by the U.S. Census Bureau.
Historical Context
Policy makers and analysts use this trend to assess the fiscal and economic environment within Texas.
Key Facts
- Texas does not have a state income tax.
- Individual income taxes account for a large portion of state government revenue.
- This trend can indicate changes in economic conditions and taxpayer behavior.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of individual income taxes collected by the state government of Texas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the fiscal health and economic conditions within Texas, which is useful for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the fiscal and economic environment within Texas and inform policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the trend only reflects individual income taxes in Texas, not other state revenue sources.
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Citation
U.S. Census Bureau, State Tax Collections: T40 Individual Income Taxes for Texas (QTAXT40QTAXCAT3TXNO), retrieved from FRED.