Total Revenue for Offices of Dentists, Establishments Subject to Federal Income Tax
Millions of Dollars, Not Seasonally Adjusted
REV6212TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,587.00
Year-over-Year Change
35.47%
Date Range
1/1/2009 - 10/1/2021
Summary
This economic trend measures U.S. state and local government tax revenue in millions of dollars on a quarterly basis, not seasonally adjusted. It is a key indicator of overall economic activity and tax policy.
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 Millions of Dollars, Not Seasonally Adjusted trend tracks quarterly state and local government tax revenue, including income, sales, and property taxes. This metric provides insight into the financial health and fiscal policies of sub-national governments across the United States.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Economists and policymakers monitor this trend to understand economic conditions and the impacts of tax policy changes.
Key Facts
- Tax revenue accounts for over 40% of total state and local government receipts.
- Quarterly tax revenue exhibits seasonal patterns, peaking in Q4 each year.
- State and local tax policies can have significant impacts on economic growth and household incomes.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly state and local government tax revenue in the United States, including income, sales, and property taxes, on a not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the fiscal health and policy decisions of sub-national governments, which can have important implications for the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to understand economic conditions and the impacts of tax policy changes at the state and local level.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of several months.
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Citation
U.S. Federal Reserve, Millions of Dollars, Not Seasonally Adjusted (REV6212TAXABL144QNSA), retrieved from FRED.