National Totals of State and Local Tax Revenue: T41 Corporation Net Income Taxes for the United States
QTAXT41QTAXCAT1USYES • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,444.00
Year-over-Year Change
-2.57%
Date Range
1/1/2009 - 1/1/2025
Summary
The National Totals of State and Local Tax Revenue: T41 Corporation Net Income Taxes for the United States measures state and local tax revenue from corporate net income taxes across the country.
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 economic trend represents the total tax revenue collected by state and local governments in the United States from levies on the net income of corporations. It is a key indicator of the corporate tax burden and business climate across the country.
Methodology
The data is collected and aggregated by the U.S. Census Bureau through surveys of state and local government finance.
Historical Context
This measure is used by economists, policymakers, and analysts to assess the tax environment for businesses and understand state and local government fiscal conditions.
Key Facts
- Corporate net income taxes account for approximately 5% of total state and local tax revenue.
- State and local corporate tax collections have declined as a share of GDP over the past two decades.
- The distribution of corporate tax revenue varies significantly across U.S. states and localities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by state and local governments in the United States from taxes on the net income of corporations.
Q: Why is this trend relevant for users or analysts?
A: This measure is a key indicator of the corporate tax burden and business climate across the country, and is used by economists, policymakers, and analysts to assess the tax environment for businesses and understand state and local government fiscal conditions.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the U.S. Census Bureau through surveys of state and local government finance.
Q: How is this trend used in economic policy?
A: This measure is used by economists, policymakers, and analysts to assess the tax environment for businesses and understand state and local government fiscal conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, National Totals of State and Local Tax Revenue: T41 Corporation Net Income Taxes for the United States (QTAXT41QTAXCAT1USYES), retrieved from FRED.