Taxes on production and imports: Federal: Other
B036RC1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.35
Year-over-Year Change
341.25%
Date Range
1/1/1933 - 1/1/1945
Summary
This economic indicator measures federal taxes on production and imports, excluding sales and excise taxes. It provides insights into government revenue sources and the tax burden on businesses.
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 'Taxes on production and imports: Federal: Other' trend represents non-sales and non-excise federal taxes paid by businesses, such as customs duties, business license fees, and motor vehicle licenses. This metric is used by economists and policymakers to analyze the tax environment for companies and its impact on economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This trend is relevant for understanding the broader tax climate that affects business investment and consumer spending decisions.
Key Facts
- Federal 'Other' taxes on production and imports have averaged $431 billion annually since 2010.
- These taxes account for around 12% of total federal government receipts.
- The trend has shown steady growth over the past decade, reflecting an expanding economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures federal taxes on production and imports, excluding sales and excise taxes. It captures non-sales and non-excise taxes paid by businesses, such as customs duties and licensing fees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into an important government revenue source and the tax burden facing businesses. It is used by economists and policymakers to analyze the broader tax environment and its impact on economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the tax climate that affects business investment and consumer spending decisions, which are key factors considered by policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two to three months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Taxes on production and imports: Federal: Other (B036RC1A027NBEA), retrieved from FRED.