State Tax Collections: T99 Taxes, Not Elsewhere Classified for Washington
QTAXT99QTAXCAT3WANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.00
Year-over-Year Change
35.56%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections for the 'T99 Taxes, Not Elsewhere Classified' category in Washington. It provides insights into the fiscal health and revenue sources of 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 'T99 Taxes, Not Elsewhere Classified' category includes various state taxes that do not fit into other defined tax types. Tracking this broader tax collection measure can help analysts and policymakers understand Washington's overall tax revenue trends and fiscal position.
Methodology
The data is collected and reported by the U.S. Census Bureau through state government tax records.
Historical Context
This trend is used by economists, fiscal analysts, and state governments to monitor tax revenue patterns and inform policy decisions.
Key Facts
- This data series dates back to 1992.
- Washington's T99 tax collections totaled $1.3 billion in 2021.
- T99 taxes make up about 6% of Washington's total state tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures state tax collections for the 'T99 Taxes, Not Elsewhere Classified' category in Washington. It captures a broad range of state tax revenue beyond major categories like sales, income, and property taxes.
Q: Why is this trend relevant for users or analysts?
A: Tracking this broader tax collection measure can provide insights into Washington's overall fiscal health and revenue sources, which is valuable information for analysts, policymakers, and anyone interested in the state's economic and budgetary trends.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through state government tax records.
Q: How is this trend used in economic policy?
A: This trend is used by economists, fiscal analysts, and state governments to monitor tax revenue patterns and inform policy decisions related to budgeting, taxation, and overall fiscal management.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a several-month delay before the most recent information is available.
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Citation
U.S. Federal Reserve, State Tax Collections: T99 Taxes, Not Elsewhere Classified for Washington (QTAXT99QTAXCAT3WANO), retrieved from FRED.