Total Tax Exemptions Under Age 65 for North Carolina
LT65EXMNC37A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,470,000.00
Year-over-Year Change
4.75%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the total number of tax exemptions claimed by individuals under age 65 in North Carolina. It provides insight into the state's tax base and demographic composition.
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 North Carolina tracks the number of personal tax exemptions claimed by residents under 65 years old. This metric is used by economists and policymakers to analyze North Carolina's tax burden, household structure, and population trends.
Methodology
The data is collected through individual tax filings with the Internal Revenue Service (IRS).
Historical Context
This trend is relevant for understanding North Carolina's economic and fiscal policy environment.
Key Facts
- North Carolina has over 7.2 million residents as of 2022.
- The state's under-65 population accounts for over 85% of total residents.
- Tax exemptions play a key role in North Carolina's personal income tax structure.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of personal tax exemptions claimed by North Carolina residents under the age of 65.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into North Carolina's tax base, demographic composition, and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through individual tax filings with the Internal Revenue Service (IRS).
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze North Carolina's tax burden, household structure, and population trends.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of individual tax filing information.
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Citation
U.S. Federal Reserve, Total Tax Exemptions Under Age 65 for North Carolina (LT65EXMNC37A647NCEN), retrieved from FRED.