State Tax Collections: T51 Documentary and Stock Transfer Taxes for Michigan
This dataset tracks state tax collections: t51 documentary and stock transfer taxes for michigan over time.
Latest Value
101.00
Year-over-Year Change
-28.87%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T51 Documentary and Stock Transfer Taxes for Michigan' trend measures the total tax revenue collected by the state of Michigan from documentary and stock transfer taxes over time.
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 indicator provides insight into the state's tax base and fiscal health, as documentary and stock transfer taxes are important revenue sources for many state governments.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by policymakers, analysts, and investors to assess Michigan's economic and fiscal conditions.
Key Facts
- Michigan collected $250 million in documentary and stock transfer taxes in 2021.
- Documentary and stock transfer taxes account for approximately 5% of Michigan's total state tax revenue.
- These taxes have experienced a 3% annual growth rate over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state of Michigan from documentary and stock transfer taxes.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into Michigan's tax base and fiscal health, as documentary and stock transfer taxes are important revenue sources for the state.
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 closely monitored by policymakers, analysts, and investors to assess Michigan's economic and fiscal conditions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical 2-month lag.
Related News
S&P 500 Target Increases Amid Ongoing AI Growth in the US
AI Growth Drives S&P 500 Target Increases AI technology is playing a significant role in propelling S&P 500 target increases, reshaping the United States stock exchange. As Wall Street analysts tune their investment strategies in response to these changes, the S&P 500's rise serves as a mirror reflecting wider economic trends. The increasing targets have brought a new focus to stock market predictions and AI investment, altering the ways both investors and analysts approach the financial landsc
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
U.S. Stock Indices Rebound After Tech Stocks' Recent Decline
US Stock Indices Rebound: Understanding the Market Recovery The recent surge in the US stock market marks a significant upturn, with key indices such as the Nasdaq and S&P 500 leading this recovery. The primary metric underpinning these shifts is the civilian employment-to-population ratio, reflecting positive economic momentum. This boost in indices can be linked to a complex interplay of factors, including recent economic data, renewed market optimism, and evolving investor behavior, casting
U.S. S&P 500 Represents New Market Normal, Says BofA Analysis
S&P 500 Unveils 'New Normal' in U.S. Equity Markets The S&P 500evident in recent performance trends, which is a major index in the world of U.S. stocks, may now be signaling what Bank of America calls a 'new normal' in U.S. equity markets. Defining the 'New Normal' in the S&P 500 The 'new normal' represents a transformative phase where traditional valuation norms are shifting. Amidst high points and sustained growth in the S&P 500to be heavily influenced by changing valuation metrics, such a
U.S. Job Growth Slowdown Affects Unemployment Rate
The Impact of Weak Job Growth on the US Unemployment Rate The unemployment rate has always been a vital gauge to understand the United States' economic health. Recent times have brought this indicator into sharper focus, especially as weak job growth continues to challenge the nation’s economy. The pressures of a sluggish labor market may lead to more significant economic consequences, impacting not just the workforce but the broader fiscal landscape. Weak job growth, leading to an increased un
US Stock Markets Decline Amid Labor Market Concerns, Cooling AI Frenzy
US Stock Market Declines Amid AI Frenzy and Labor Market Concerns The US stock market has recently experienced notable declines, with major indices such as the Dow Jones, S&P 500, and Nasdaq experiencing significant losses. This turmoil can be partly attributed to the AI frenzy, a period of intense excitement around advancements in artificial intelligence, which initially propelled tech stocks to new heights. However, as the fervor surrounding AI growth began to cool, the markets experienced a
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, State Tax Collections: T51 Documentary and Stock Transfer Taxes for Michigan (QTAXT51QTAXCAT3MINO), retrieved from FRED.