Total Tax Exemptions Under Age 65 for Wyoming
LT65EXMWY56A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
420,000.00
Year-over-Year Change
-8.07%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the total number of tax exemptions claimed for individuals under age 65 in the state of Wyoming. It provides insights into the state's demographic and economic profile.
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 Wyoming metric tracks the number of personal exemptions claimed on federal income tax returns by taxpayers below the age of 65 who reside in Wyoming. This data offers analysts a view into the working-age population and potential labor force trends within the state.
Methodology
The data is collected annually by the U.S. Census Bureau from individual income tax returns.
Historical Context
This metric is used by policymakers and economists to understand demographic shifts and evaluate policies affecting working-age residents in Wyoming.
Key Facts
- Wyoming has the smallest population of any U.S. state.
- The state has a higher proportion of residents over 65 compared to the national average.
- Tax exemptions provide insights into the size of the working-age population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of personal income tax exemptions claimed by individuals under age 65 who reside in the state of Wyoming.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and characteristics of the working-age population in Wyoming, which is relevant for policymakers and economists analyzing demographic and labor force trends in the state.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau from individual income tax returns.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to understand demographic shifts and evaluate policies affecting working-age residents in Wyoming.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in reflecting the most recent trends.
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Citation
U.S. Federal Reserve, Total Tax Exemptions Under Age 65 for Wyoming (LT65EXMWY56A647NCEN), retrieved from FRED.