State Tax Collections: T40 Individual Income Taxes for Wisconsin
QTAXT40QTAXCAT3WINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,092.00
Year-over-Year Change
20.85%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures individual income tax collections for the state of Wisconsin, a key component of overall state tax revenue.
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 Wisconsin series tracks the total amount of individual income taxes collected by the state government. This data provides insight into Wisconsin's fiscal health and the tax burden on residents.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Monitoring state-level individual income tax collections is important for policymakers and economists analyzing fiscal policy and state budget conditions.
Key Facts
- Wisconsin collected $13.1 billion in individual income taxes in 2021.
- Individual income taxes account for 47% of Wisconsin's total state tax revenue.
- Wisconsin's individual income tax rate ranges from 3.54% to 7.65% depending on taxable income.
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 Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: Monitoring state-level individual income tax collections provides important insights into Wisconsin's fiscal health and the tax burden on residents, which is relevant for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to analyze fiscal policy and state budget conditions in Wisconsin.
Q: Are there update delays or limitations?
A: The data is reported quarterly, and there may be some delays in publication.
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Citation
U.S. Federal Reserve, State Tax Collections: T40 Individual Income Taxes for Wisconsin (QTAXT40QTAXCAT3WINO), retrieved from FRED.