State Government Tax Collections, Corporations in General Licenses in Wisconsin
WICORPLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,810.00
Year-over-Year Change
62.34%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures state government tax collections from corporations in Wisconsin. It is an important indicator of the business environment and economic conditions 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, Corporations in General Licenses in Wisconsin series tracks tax revenue collected by the Wisconsin state government from corporate licenses and fees. This data provides insight into the fiscal health and regulatory climate for businesses operating in the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through state government tax collection surveys.
Historical Context
This metric is closely watched by policymakers, economists, and businesses to assess Wisconsin's economic performance and competitiveness.
Key Facts
- Wisconsin collected over $300 million in corporate tax revenue in 2021.
- Corporate tax collections account for around 5% of total state tax revenue in Wisconsin.
- Tax collections from corporations have increased by 20% in Wisconsin over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Wisconsin from corporate licenses, fees, and general business taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the business climate and economic performance in Wisconsin, which is important for evaluating the state's competitiveness and fiscal health.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through state government tax collection surveys.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this metric to assess Wisconsin's economic conditions and the regulatory environment for corporations operating in the state.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Corporations in General Licenses in Wisconsin (WICORPLICTAX), retrieved from FRED.