Not Seasonally Adjusted
This dataset tracks not seasonally adjusted over time.
Latest Value
512084.00
Year-over-Year Change
4.14%
Date Range
1/1/1992 - 1/1/2025
Summary
The 'Not Seasonally Adjusted' economic trend measures the total value of taxes collected in the United States without any seasonal adjustments. This metric is important for economists and policymakers to analyze tax revenue and fiscal trends.
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 data series represents the total U.S. tax collections across all levels of government, including federal, state, and local taxes. It is reported on a quarterly basis and provides a comprehensive view of the nation's tax environment without adjustments for seasonal patterns.
Methodology
The data is collected directly from tax authorities and compiled by the U.S. government.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the health of the U.S. tax system and its implications for fiscal policy.
Key Facts
- Taxes account for over 25% of U.S. GDP.
- Quarterly tax collections averaged $3.5 trillion in 2022.
- Individual income taxes make up the largest share of U.S. tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of taxes collected in the United States across all levels of government, including federal, state, and local taxes, without any seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a comprehensive view of the nation's tax environment and is widely used by economists, policymakers, and market analysts to assess the health of the U.S. tax system and its implications for fiscal policy.
Q: How is this data collected or calculated?
A: The data is collected directly from tax authorities and compiled by the U.S. government.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze tax revenue and fiscal trends, which informs decisions about government spending, tax policy, 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 delay of several months before the most recent quarter's information is available.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (QTAXTOTALQTAXCAT1USNO), retrieved from FRED.