State Tax Collections: T50 Death and Gift Taxes for District of Columbia
This dataset tracks state tax collections: t50 death and gift taxes for district of columbia over time.
Latest Value
17.00
Year-over-Year Change
21.43%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures death and gift tax collections for the District of Columbia, providing insights into the local tax environment and revenue generation.
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: T50 Death and Gift Taxes for District of Columbia series tracks the revenue generated from estate and gift taxes levied by the District of Columbia government. This data is used by economists and policymakers to analyze the local tax base and evaluate the impact of tax policy changes.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Historical Context
Death and gift tax collections are an important component of state and local government revenue, and trends in this data can inform fiscal policy decisions.
Key Facts
- The District of Columbia levies a state-level estate tax.
- Gift tax collections account for a small but significant portion of this revenue stream.
- Tax collections can fluctuate due to changes in wealth, mortality rates, and tax policy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the District of Columbia government from estate and gift taxes, providing insight into the local tax environment.
Q: Why is this trend relevant for users or analysts?
A: Death and gift tax collections are an important component of state and local government finances, and trends in this data can inform fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze the local tax base and evaluate the impact of tax policy changes on state and local government revenue.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the series does not capture all aspects of the District of Columbia's tax environment.
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Citation
U.S. Federal Reserve, State Tax Collections: T50 Death and Gift Taxes for District of Columbia (QTAXT50QTAXCAT3DCNO), retrieved from FRED.