National Totals of State Tax Revenue: Total Taxes for the United States
This dataset tracks national totals of state tax revenue: total taxes for the united states over time.
Latest Value
371789.00
Year-over-Year Change
1.37%
Date Range
1/1/1992 - 1/1/2025
Summary
This economic trend measures the total state tax revenue collected in the United States. It provides important insights into state government fiscal conditions and the overall health of the economy.
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 National Totals of State Tax Revenue: Total Taxes for the United States series tracks the aggregate tax collections of all U.S. state governments. It is a key indicator of economic activity and state fiscal capacity, which is crucial for policy analysis and revenue forecasting.
Methodology
The data is collected and compiled by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess the financial standing of state governments and the broader economic climate.
Key Facts
- State tax revenue accounts for approximately 20% of total U.S. government tax collections.
- Total state tax revenue has grown by over 50% in the past two decades.
- California generates the highest state tax revenue, contributing over 20% of the national total.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by all U.S. state governments, providing insights into state fiscal conditions and overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the financial standing of state governments and the broader economic climate, which is vital for policy analysis, revenue forecasting, and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and investors to assess the fiscal capacity and economic conditions of state governments, which informs policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, National Totals of State Tax Revenue: Total Taxes for the United States (QTAXTOTALQTAXCAT2USNO), retrieved from FRED.