State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Massachusetts
MAALCOTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98,421.00
Year-over-Year Change
26.41%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections on alcoholic beverage sales in Massachusetts. It provides insight into consumer demand and tax revenue for policymakers.
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 'State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Massachusetts' series tracks the total amount of state tax revenue generated from the sale of alcoholic products in Massachusetts. This metric is used to analyze consumption patterns and the fiscal impact of alcohol taxes.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax authorities.
Historical Context
This trend is relevant for understanding consumer behavior, state budgets, and the effects of alcohol taxation policies.
Key Facts
- Massachusetts collected over $92 million in alcoholic beverage taxes in 2021.
- Alcoholic beverage taxes account for about 1% of total state tax revenue in Massachusetts.
- Alcohol tax collections have remained relatively stable over the past decade in Massachusetts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of state tax revenue generated from the sale of alcoholic beverages in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer demand for alcoholic products and the fiscal impact of alcohol taxation in Massachusetts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax authorities.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to understand consumer behavior, state budgets, and the effects of alcohol taxation policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Massachusetts (MAALCOTAX), retrieved from FRED.