State Government Tax Collections, Amusements - Selective Sales Taxes in South Carolina
SCAMUSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,950.00
Year-over-Year Change
54.32%
Date Range
1/1/1951 - 1/1/2024
Summary
This trend measures the total state government tax collections from amusements and selective sales taxes in South Carolina. It provides insight into consumer spending and state tax revenue from the entertainment and recreational sectors.
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 Government Tax Collections, Amusements - Selective Sales Taxes in South Carolina trend tracks the revenue generated by the state government through taxes on amusements and selective sales. This metric is used by economists and policymakers to monitor consumer behavior, industry performance, and state fiscal conditions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Historical Context
Policymakers use this trend to inform decisions around tax policy, budgeting, and economic development strategies.
Key Facts
- South Carolina's amusements and selective sales tax collections totaled $195 million in 2021.
- Amusements and selective sales taxes account for approximately 2.5% of South Carolina's total state tax revenue.
- This trend has shown a steady increase over the past decade, reflecting growth in the state's entertainment and recreational sectors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total state government tax collections from amusements and selective sales taxes in South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending and state tax revenue from the entertainment and recreational sectors, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to inform decisions around tax policy, budgeting, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions by the source agency.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Amusements - Selective Sales Taxes in South Carolina (SCAMUSTAX), retrieved from FRED.