State Tax Collections: Total Taxes for Missouri
QTAXTOTALQTAXCAT3MONO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,183.00
Year-over-Year Change
13.95%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: Total Taxes for Missouri' trend measures the total tax revenue collected by the state government of Missouri. This metric is a key indicator of Missouri's economic performance and fiscal health.
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 series tracks the total tax collections for the state of Missouri, including personal and corporate income taxes, sales taxes, and other state levies. Economists and policymakers use this data to analyze Missouri's fiscal position, revenue sources, and ability to fund public services.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
Trends in state tax collections are closely watched by financial markets and used to inform state budgeting and economic policies.
Key Facts
- Missouri's total tax collections were $34.5 billion in 2020.
- Sales and gross receipts taxes account for over 50% of Missouri's state tax revenue.
- Tax collections rebounded in 2021 after a pandemic-related decline in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Missouri, including personal and corporate income taxes, sales taxes, and other levies.
Q: Why is this trend relevant for users or analysts?
A: Trends in state tax collections are a key indicator of Missouri's economic performance and fiscal health, and are closely watched by economists, policymakers, and financial markets.
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: Policymakers use this data to analyze Missouri's fiscal position, revenue sources, and ability to fund public services, which informs state budgeting and economic policies.
Q: Are there update delays or limitations?
A: There may be a several month delay in the release of the most recent state tax collection data.
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Citation
U.S. Federal Reserve, State Tax Collections: Total Taxes for Missouri (QTAXTOTALQTAXCAT3MONO), retrieved from FRED.