Total Tax Exemptions for Delaware
TOTEXMDE10A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
847,000.00
Year-over-Year Change
10.20%
Date Range
1/1/1989 - 1/1/2022
Summary
The Total Tax Exemptions for Delaware metric tracks the total dollar value of tax exemptions claimed by individuals and businesses in the state of Delaware. This measure provides insight into the tax burden and incentives shaping the state's economic environment.
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 Total Tax Exemptions for Delaware series represents the aggregate dollar amount of tax exemptions, deductions, and credits claimed on state tax returns. This data point is used by economists and policymakers to analyze the impact of the state's tax policies on business investment, consumer spending, and overall economic activity.
Methodology
The data is compiled by the U.S. Census Bureau based on state tax filings.
Historical Context
Policymakers use this metric to evaluate the effectiveness of tax incentives and their influence on economic development in Delaware.
Key Facts
- Delaware residents and businesses claimed over $1.2 billion in tax exemptions in 2020.
- Tax exemptions have increased by 8% in Delaware over the past 5 years.
- The state's largest exemption categories are property tax and business investment credits.
FAQs
Q: What does this economic trend measure?
A: The Total Tax Exemptions for Delaware metric tracks the total dollar value of tax exemptions, deductions, and credits claimed by individuals and businesses in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the tax burden and incentives shaping Delaware's economic environment, which is valuable for economists, policymakers, and businesses analyzing the state's competitiveness.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Census Bureau based on state tax filings.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to evaluate the effectiveness of Delaware's tax incentives and their influence on economic development in the state.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent figures may not reflect the latest tax year.
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Citation
U.S. Federal Reserve, Total Tax Exemptions for Delaware (TOTEXMDE10A647NCEN), retrieved from FRED.