Total Tax Exemptions Under Age 65 for Louisiana
LT65EXMLA22A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,027,000.00
Year-over-Year Change
-8.88%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the total number of tax exemptions claimed by Louisiana residents under the age of 65. It provides insights into the state's tax burden and demographic trends.
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 Louisiana is a key indicator of the working-age population's tax liability in the state. It reflects the number of personal and dependent exemptions claimed on state tax returns, which can impact government revenue and fiscal policy decisions.
Methodology
The data is collected annually by the U.S. Census Bureau through individual tax return filings.
Historical Context
This trend is used by policymakers, economists, and market analysts to assess Louisiana's economic conditions and tax environment.
Key Facts
- Louisiana has over 3 million residents under the age of 65.
- The total tax exemptions claimed in Louisiana fluctuate annually.
- Tax exemptions can impact state revenue and spending decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of tax exemptions claimed by Louisiana residents under the age of 65 on their state tax returns.
Q: Why is this trend relevant for users or analysts?
A: The total tax exemptions under age 65 provides insights into Louisiana's working-age population and tax burden, which is relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau through individual tax return filings in Louisiana.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess Louisiana's economic conditions and tax environment, which can inform fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually, so there may be a delay of up to one year before the most recent figures are available.
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Citation
U.S. Census Bureau, Total Tax Exemptions Under Age 65 for Louisiana (LT65EXMLA22A647NCEN), retrieved from FRED.