State Tax Collections: T41 Corporation Net Income Taxes for Texas
QTAXT41QTAXCAT3TXNO • 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 net income tax collections by the state of Texas. It is an important indicator of corporate tax revenue and economic activity in the state.
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: T41 Corporation Net Income Taxes for Texas series tracks the net income tax paid by corporations to the state of Texas. This provides insight into the state's tax revenue, business environment, and overall economic conditions.
Methodology
The data is collected by the U.S. Census Bureau through state government tax collection reports.
Historical Context
This trend is closely monitored by policymakers, analysts, and businesses to understand the fiscal health and economic trajectory of Texas.
Key Facts
- Texas has no personal income tax.
- Corporate tax collections account for over 10% of Texas' total tax revenue.
- Texas is the second-largest state economy in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net income tax paid by corporations to the state of Texas. It is an indicator of corporate tax revenue and economic activity in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the fiscal health and economic conditions in Texas, which is a key driver of the national economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state government tax collection reports.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses closely monitor this trend to understand Texas' tax revenue, business environment, and overall economic trajectory.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and publication due to the time required for state governments to process and report tax collection information.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for Texas (QTAXT41QTAXCAT3TXNO), retrieved from FRED.