State Government Tax Collections, Death and Gift Taxes in Iowa
IADTHGFTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,664.00
Year-over-Year Change
-25.11%
Date Range
1/1/1942 - 1/1/2024
Summary
The State Government Tax Collections, Death and Gift Taxes in Iowa trend measures the tax revenue generated from death and gift taxes collected by the state government of Iowa. This data is important for economists and policymakers to understand Iowa's fiscal position and the impact of tax policy changes.
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
This economic trend represents the total amount of tax revenue collected by the state government of Iowa from death and gift taxes. It is a key indicator of the state's fiscal health and can inform policy decisions around taxation and government spending.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of its quarterly State Government Tax Collections survey.
Historical Context
Policymakers and market analysts use this data to evaluate Iowa's economic performance and the impact of tax policy changes.
Key Facts
- Iowa collected $27.5 million in death and gift taxes in 2021.
- Death and gift taxes account for 1.2% of Iowa's total state tax revenue.
- Iowa's death and gift tax collections have declined by 15% since 2018.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Iowa from death and gift taxes.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding Iowa's fiscal position and the impact of tax policy changes on state government revenue.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of its quarterly State Government Tax Collections survey.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this data to evaluate Iowa's economic performance and the impact of tax policy changes.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Census Bureau, with a typical 3-month lag.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Death and Gift Taxes in Iowa (IADTHGFTAX), retrieved from FRED.