State Government Tax Collections, Corporation Net Income Taxes in Wisconsin
WICORPINCTX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,370,905.00
Year-over-Year Change
260.87%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures the total net income taxes collected by the Wisconsin state government from corporations. It provides insight into the financial health and tax contributions of businesses in the state.
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, Corporation Net Income Taxes in Wisconsin series tracks the total amount of net income taxes paid by corporations to the Wisconsin state government. This data point is an important indicator of corporate profitability and economic activity within the state.
Methodology
The data is collected directly from the Wisconsin Department of Revenue.
Historical Context
This trend is closely monitored by state policymakers, economists, and investors to assess the broader economic climate in Wisconsin.
Key Facts
- Wisconsin collected $1.7 billion in corporate net income taxes in 2021.
- Corporate tax collections account for about 10% of total state tax revenue in Wisconsin.
- Corporate tax receipts in Wisconsin have grown by an average of 5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total net income taxes paid by corporations to the Wisconsin state government. It provides insight into the profitability and tax contributions of businesses in the state.
Q: Why is this trend relevant for users or analysts?
A: This data point is an important indicator of corporate financial health and economic activity within Wisconsin. It is closely monitored by policymakers, economists, and investors to assess the broader state economy.
Q: How is this data collected or calculated?
A: The data is collected directly from the Wisconsin Department of Revenue.
Q: How is this trend used in economic policy?
A: State policymakers use this data to analyze corporate tax revenue and make informed decisions about fiscal policy, economic development initiatives, and other measures affecting the business climate in Wisconsin.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Wisconsin Department of Revenue, with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Corporation Net Income Taxes in Wisconsin (WICORPINCTX), retrieved from FRED.