State Tax Collections: Total Taxes for Kansas
This dataset tracks state tax collections: total taxes for kansas over time.
Latest Value
3284.00
Year-over-Year Change
2.88%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic indicator tracks total tax revenue collected by the state government of Kansas. It is a key measure of the state'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 Kansas series captures all tax receipts, including individual and corporate income taxes, sales taxes, property taxes, and other state-level levies. This data is used by policymakers, analysts, and economists to assess Kansas' economic conditions and revenue sources.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
Trends in Kansas' total tax collections provide insight into the state's economic performance and can inform fiscal and budgetary decisions.
Key Facts
- Kansas collects over $9 billion in total state taxes annually.
- Sales and use taxes account for the largest share of Kansas' tax revenue.
- Total tax collections in Kansas have grown by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: Total Taxes for Kansas series tracks the total amount of tax revenue collected by the Kansas state government, including income, sales, and other levies.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Kansas' fiscal health and economic conditions, which is useful for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: Trends in Kansas' total tax collections inform fiscal and budgetary decisions at the state level, as well as providing broader economic indicators.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: Total Taxes for Kansas (QTAXTOTALQTAXCAT3KSNO), retrieved from FRED.