State Government Tax Collections, Other License Taxes in Wisconsin
WIOTHLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50,719.00
Year-over-Year Change
881.40%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures other license tax revenue collected by the state government of Wisconsin. It is an important indicator of economic activity and government fiscal health 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, Other License Taxes in Wisconsin' series tracks revenue from various state-issued licenses and permits, excluding motor vehicle and motor carrier taxes. This provides insight into broader economic conditions and the state's fiscal capacity.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Tax Revenue.
Historical Context
Policymakers and analysts use this trend to assess Wisconsin's economic performance and government finances.
Key Facts
- Wisconsin collected $291 million in other license taxes in 2021.
- This trend has grown at an average annual rate of 2.5% over the past decade.
- Other license taxes account for about 4% of total state tax revenue in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: This trend tracks revenue from various state-issued licenses and permits in Wisconsin, excluding motor vehicle and motor carrier taxes.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into broader economic conditions and the state's fiscal capacity, making it an important indicator for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Tax Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Wisconsin's economic performance and government finances.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical release lag of 3-4 months.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Other License Taxes in Wisconsin (WIOTHLICTAX), retrieved from FRED.