State Government Tax Collections, Tobacco Products - Selective Sales Taxes in Florida
FLTOBACTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
912,606.00
Year-over-Year Change
139.22%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures state government tax collections on tobacco products through selective sales taxes in Florida. It provides insights into consumer demand and tax revenue generation related to tobacco products 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, Tobacco Products - Selective Sales Taxes in Florida trend tracks the amount of tax revenue collected by the Florida state government on the sale of tobacco products. This data is used by economists and policymakers to analyze consumption patterns, tax policy, and the fiscal impact of tobacco taxation.
Methodology
The data is collected through the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Historical Context
This trend is relevant for understanding the role of tobacco taxation in state budgets and evaluating the effectiveness of sin tax policies.
Key Facts
- Florida collects selective sales taxes on tobacco products.
- Tobacco tax revenue contributes to the state's fiscal budget.
- Tobacco consumption patterns are influenced by taxation levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the amount of tax revenue collected by the Florida state government on the sale of tobacco products through selective sales taxes.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand and tax revenue generation related to tobacco products, which is relevant for economists and policymakers analyzing taxation policies and their fiscal impacts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand the role of tobacco taxation in state budgets and evaluate the effectiveness of sin tax policies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule of the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Tobacco Products - Selective Sales Taxes in Florida (FLTOBACTAX), retrieved from FRED.