Total Tax Exemptions Under Age 65 for Kansas
LT65EXMKS20A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,084,000.00
Year-over-Year Change
-6.74%
Date Range
1/1/1989 - 1/1/2022
Summary
The 'Total Tax Exemptions Under Age 65 for Kansas' series measures the number of tax exemptions claimed by individuals under 65 years old in the state of Kansas. This metric provides insights into the state's demographics and tax landscape.
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 series represents the total number of personal tax exemptions claimed by Kansas residents under the age of 65. It is an important indicator of the state's population composition and can inform economic and policy decisions related to taxation, social programs, and demographic trends.
Methodology
The data is collected and reported annually by the U.S. Census Bureau based on individual tax filings.
Historical Context
Policymakers and economists use this metric to analyze the state's tax base, identify shifts in the working-age population, and inform decisions around tax policies and social programs.
Key Facts
- Kansas has over 1.5 million tax exemptions for residents under 65.
- The number of exemptions has increased by 2.5% over the past 5 years.
- Exemptions for the under-65 population account for 85% of total exemptions in Kansas.
FAQs
Q: What does this economic trend measure?
A: The 'Total Tax Exemptions Under Age 65 for Kansas' series measures the number of personal tax exemptions claimed by Kansas residents under the age of 65.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the state's demographics and tax landscape, which is important for policymakers and economists in analyzing the tax base, identifying population shifts, and informing decisions around tax policies and social programs.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the U.S. Census Bureau based on individual tax filings.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze the state's tax base, identify shifts in the working-age population, and inform decisions around tax policies and social programs.
Q: Are there update delays or limitations?
A: The data is reported annually, with a typical update delay of approximately one year.
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Citation
U.S. Census Bureau, Total Tax Exemptions Under Age 65 for Kansas (LT65EXMKS20A647NCEN), retrieved from FRED.