State Government Tax Collections, Death and Gift Taxes in Missouri
MODTHGFTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from death and gift taxes in Missouri. It provides insights into the state's fiscal health and revenue sources.
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, Death and Gift Taxes in Missouri series tracks the revenue generated by the state government through taxes on the transfer of property or assets upon death or as gifts. This data is used by economists and policymakers to analyze Missouri's fiscal policies and revenue streams.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government tax collection agencies.
Historical Context
This trend is relevant for understanding Missouri's economic and fiscal conditions, as well as informing policy decisions related to taxation and revenue generation.
Key Facts
- Missouri collected $41.8 million in death and gift taxes in 2021.
- Death and gift taxes account for approximately 1% of Missouri's total tax revenue.
- Missouri's death and gift tax collections have declined by 25% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state government of Missouri from death and gift taxes.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Missouri's fiscal health and revenue sources, which is important for economists and policymakers to understand.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state government tax collection agencies.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze Missouri's fiscal policies and revenue streams, which can inform decisions related to taxation and revenue generation.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and survey methodologies of the U.S. Census Bureau, which may result in periodic delays or limitations in the availability of the most recent data.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Death and Gift Taxes in Missouri (MODTHGFTAX), retrieved from FRED.