Individual Income Tax Filing: Returns with Presidential Election Campaign Fund Check off
RTNBPECFC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,219,451.00
Year-over-Year Change
-50.88%
Date Range
1/1/1999 - 1/1/2016
Summary
This economic trend measures the number of individual income tax returns that include a check-off for the Presidential Election Campaign Fund. It provides insight into public participation in campaign finance.
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 Presidential Election Campaign Fund check-off on individual tax returns allows taxpayers to designate a portion of their federal income taxes to fund presidential election campaigns and nominating conventions. This data series tracks the number of returns that include this check-off.
Methodology
The data is collected by the Internal Revenue Service (IRS) from individual income tax returns.
Historical Context
This trend is relevant for understanding public engagement with the campaign finance system and the role of public funding in presidential elections.
Key Facts
- The Presidential Election Campaign Fund was established in 1971.
- Taxpayers can designate $3 of their federal income taxes to the fund.
- Participation in the check-off has declined in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individual income tax returns that include a check-off for the Presidential Election Campaign Fund.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into public participation in campaign finance and the role of public funding in presidential elections.
Q: How is this data collected or calculated?
A: The data is collected by the Internal Revenue Service (IRS) from individual income tax returns.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding public engagement with the campaign finance system and informing policy discussions around public funding of presidential elections.
Q: Are there update delays or limitations?
A: The data is subject to the timely filing of individual income tax returns and may have a delay in reporting.
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Citation
U.S. Federal Reserve, Individual Income Tax Filing: Returns with Presidential Election Campaign Fund Check off (RTNBPECFC), retrieved from FRED.