State Tax Collections: Total Taxes for District of Columbia
This dataset tracks state tax collections: total taxes for district of columbia over time.
Latest Value
3239.00
Year-over-Year Change
21.13%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic indicator tracks total tax collections for the District of Columbia, providing insights into the district's fiscal health and economic activity.
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 District of Columbia series measures the total amount of tax revenue collected by the District of Columbia government from various sources, including income, sales, and property taxes. This data is a key metric for analyzing the district's fiscal position and economic performance.
Methodology
The data is collected and reported by the U.S. Census Bureau through quarterly surveys of state and local government tax collection.
Historical Context
Policymakers and economists use this data to assess the District of Columbia's economic conditions and fiscal stability.
Key Facts
- The District of Columbia collected $9.3 billion in total taxes in 2021.
- Tax collections account for over 60% of the district's total revenue.
- Income taxes make up the largest share of the District's tax revenue.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total amount of tax revenue collected by the District of Columbia government from various sources, including income, sales, and property taxes.
Q: Why is this trend relevant for users or analysts?
A: The District of Columbia's tax collections data is a key metric for analyzing the district's fiscal position, economic performance, and revenue sources.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through quarterly surveys of state and local government tax collection.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the District of Columbia's economic conditions and fiscal stability, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a lag, and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: Total Taxes for District of Columbia (QTAXTOTALQTAXCAT3DCNO), retrieved from FRED.