Total Tax Exemptions Under Age 65 for Arkansas
LT65EXMAR5A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,055,000.00
Year-over-Year Change
-3.08%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the total number of tax exemptions claimed by individuals under the age of 65 in the state of Arkansas. It provides insight into the demographic and economic characteristics of the state's working-age population.
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 Total Tax Exemptions Under Age 65 for Arkansas metric tracks the number of personal tax exemptions claimed by taxpayers under 65 years old in the state. This data point is used by economists and policymakers to analyze the size and composition of Arkansas's working-age population, which informs decisions around economic development, social programs, and tax policy.
Methodology
The data is collected from individual tax returns filed with the Internal Revenue Service (IRS).
Historical Context
This trend is relevant for understanding the economic and demographic profile of Arkansas, which can inform state-level policy decisions.
Key Facts
- Arkansas has a population of approximately 3 million people.
- The median age in Arkansas is 38.1 years.
- The state's economy is primarily driven by agriculture, manufacturing, and tourism.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of personal tax exemptions claimed by individuals under the age of 65 in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the size and composition of Arkansas's working-age population, which is useful for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected from individual tax returns filed with the Internal Revenue Service (IRS).
Q: How is this trend used in economic policy?
A: This trend can inform state-level policy decisions around economic development, social programs, and tax policy in Arkansas.
Q: Are there update delays or limitations?
A: The data is subject to the timing of individual tax return filings and IRS processing, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Total Tax Exemptions Under Age 65 for Arkansas (LT65EXMAR5A647NCEN), retrieved from FRED.