State Government Tax Collections, Individual Income Taxes in Arkansas
ARINCTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,759,813.00
Year-over-Year Change
14.90%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures individual income tax collections by the state government of Arkansas. It provides insight into the state's fiscal health and economic conditions.
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, Individual Income Taxes in Arkansas series tracks the total amount of individual income taxes collected by the Arkansas state government. This data is an important indicator of the state's economic performance and can inform policy decisions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Historical Context
Policymakers and analysts use this trend to evaluate Arkansas' fiscal position and make informed decisions about taxation and spending.
Key Facts
- Arkansas has a flat individual income tax rate of 5.9%.
- Income taxes account for the largest share of Arkansas' state tax revenue.
- The trend has shown volatility in recent years due to economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of individual income taxes collected by the state government of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Arkansas' fiscal health and economic conditions, which is valuable for policymakers and analysts.
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 and analysts use this trend to evaluate Arkansas' fiscal position and make informed decisions about taxation and spending.
Q: Are there update delays or limitations?
A: The data is published quarterly with a slight delay, and may be subject to revisions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Individual Income Taxes in Arkansas (ARINCTAX), retrieved from FRED.