State Tax Collections: T50 Death and Gift Taxes for Hawaii
QTAXT50QTAXCAT3HINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.00
Year-over-Year Change
-39.29%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures Hawaii's state tax collections from death and gift taxes, providing insights into the state's tax revenue and financial health.
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 Hawaii series tracks the total amount of tax revenue collected by the state of Hawaii from death and gift taxes. This data is used by economists and policymakers to analyze Hawaii's fiscal policy, tax burden, and economic trends.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding Hawaii's tax environment and its implications for the state's economy and public services.
Key Facts
- Hawaii's death and gift tax collections were $24.2 million in 2021.
- Death and gift taxes account for approximately 1% of Hawaii's total state tax revenue.
- Hawaii's death and gift tax rates range from 10% to 20% depending on the taxable amount.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of tax revenue collected by the state of Hawaii from death and gift taxes.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Hawaii's fiscal policy, tax burden, and economic trends, which are important for understanding the state's financial health and policy environment.
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 economists and policymakers to analyze Hawaii's tax revenue, fiscal policy, and the potential impact on the state's economy and public services.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Census Bureau, and there may be a several-month delay in the most recent data becoming available.
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Citation
U.S. Federal Reserve, State Tax Collections: T50 Death and Gift Taxes for Hawaii (QTAXT50QTAXCAT3HINO), retrieved from FRED.