State Tax Collections: Total Taxes for California
This dataset tracks state tax collections: total taxes for california over time.
Latest Value
69376.00
Year-over-Year Change
-12.83%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures the total state tax collections for the state of California. It is a key indicator of California's fiscal health and economic performance.
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: Total Taxes for California metric tracks the total amount of tax revenue collected by the state government from various sources, including personal income tax, sales tax, corporate income tax, and other state-level taxes. This data provides insights into California's economic conditions and can inform policy decisions.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state and local government finances.
Historical Context
Policymakers and analysts use this trend to assess California's fiscal capacity and identify potential areas for revenue generation or spending adjustments.
Key Facts
- California is the most populous state in the U.S.
- State tax collections account for a significant portion of California's revenue
- Trends in tax collections can signal changes in the state's economic conditions
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of tax revenue collected by the state government of California, including personal income tax, sales tax, corporate income tax, and other state-level taxes.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into California's fiscal health and economic performance, which is crucial for policymakers, businesses, and investors to understand the state's economic conditions and potential.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state and local government finances.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess California's fiscal capacity and identify potential areas for revenue generation or spending adjustments, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly, and there may be a slight delay in availability due to the time required for data collection and reporting.
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Citation
U.S. Federal Reserve, State Tax Collections: Total Taxes for California (QTAXTOTALQTAXCAT3CANO), retrieved from FRED.