State Tax Collections: T40 Individual Income Taxes for Wyoming
QTAXT40QTAXCAT3WYNO • 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
The 'State Tax Collections: T40 Individual Income Taxes for Wyoming' trend measures individual income tax collections in the state of Wyoming. This metric is closely tracked by economists and policymakers to assess 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
This series represents the total amount of individual income taxes collected by the state government of Wyoming. It is a key indicator of personal income and spending trends, and helps inform state budget planning and policy decisions.
Methodology
The data is collected directly from the Wyoming Department of Revenue's tax collection records.
Historical Context
Analysts and policymakers use this trend to gauge Wyoming's economic performance and revenue outlook.
Key Facts
- Wyoming has no state-level personal income tax.
- Income taxes make up about 30% of Wyoming's total state tax revenue.
- Tax collections fluctuate with economic conditions in the state.
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 Wyoming.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of personal income and spending trends in Wyoming, helping to inform state budget planning and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected directly from the Wyoming Department of Revenue's tax collection records.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to gauge Wyoming's economic performance and revenue outlook.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, and may be subject to revisions by the state government.
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Citation
U.S. Federal Reserve, State Tax Collections: T40 Individual Income Taxes for Wyoming (QTAXT40QTAXCAT3WYNO), retrieved from FRED.