State Government Tax Collections, Tobacco Products - Selective Sales Taxes in Hawaii
HITOBACTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75,560.00
Year-over-Year Change
-38.05%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures state government tax collections on tobacco products in Hawaii. It provides insights into consumer behavior and tax revenue for policymakers.
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 Hawaii series tracks the revenue collected by the Hawaiian state government from taxes on the sale of tobacco products. This data is used to analyze trends in consumer demand, the effectiveness of tobacco taxation policies, and the fiscal implications for state budgets.
Methodology
The data is collected through state government revenue reporting.
Historical Context
This trend is relevant for assessing the impact of tobacco taxation and regulation on consumer behavior and state fiscal policy.
Key Facts
- Hawaii has one of the highest tobacco tax rates in the U.S.
- Tobacco tax revenue accounts for over 2% of Hawaii's state tax collections.
- Tobacco tax collections in Hawaii have declined by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the Hawaiian state government from taxes on the sale of tobacco products.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer behavior and the fiscal implications of tobacco taxation policies for state budgets.
Q: How is this data collected or calculated?
A: The data is collected through state government revenue reporting.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess the impact of tobacco taxation and regulation on consumer demand and state fiscal policy.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the state government, but there may be some delays in publication.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Tobacco Products - Selective Sales Taxes in Hawaii (HITOBACTAX), retrieved from FRED.