Total Revenue for Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Establishments Subject to Federal Income Tax
Percent Change, Seasonally Adjusted
REV5412TAXABL157QSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.20
Year-over-Year Change
-76.92%
Date Range
1/1/2004 - 1/1/2025
Summary
This economic trend measures the percent change in revenue from selected tax sources, adjusted for seasonal variations. It provides insight into the health and growth of the U.S. 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 Percent Change, Seasonally Adjusted series tracks the month-over-month percentage change in revenue from selected tax sources, such as individual income taxes and social insurance contributions. This metric helps economists and policymakers assess economic conditions and consumer behavior.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on reports from the U.S. Treasury.
Historical Context
This trend is used to inform fiscal and monetary policy decisions.
Key Facts
- The series has been tracked since 1947.
- Tax revenue is a key source of government funding.
- Seasonal adjustments help identify underlying economic trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month percent change in revenue from selected tax sources, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of the U.S. economy, helping inform fiscal and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on reports from the U.S. Treasury.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess economic conditions and consumer behavior, informing fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays, though it may be subject to revisions based on updated source data.
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Citation
U.S. Federal Reserve, Percent Change, Seasonally Adjusted (REV5412TAXABL157QSA), retrieved from FRED.