State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Missouri
MOOTHSLSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
223,977.00
Year-over-Year Change
47.04%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures Missouri's state government tax collections from other selective sales and gross receipts taxes. It is an important indicator of economic activity and state tax revenue.
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, Other Selective Sales and Gross Receipts Taxes in Missouri' trend tracks a specific category of state tax revenue in Missouri. It provides insight into the state's economic performance and fiscal health.
Methodology
The data is collected and reported by the U.S. Census Bureau through its quarterly survey of state and local government tax revenue.
Historical Context
This metric is closely monitored by policymakers, economists, and market analysts to assess Missouri's economic conditions and fiscal position.
Key Facts
- Missouri collected $1.2 billion in other selective sales and gross receipts taxes in 2021.
- This tax category accounts for around 10% of Missouri's total state tax revenue.
- Other selective sales taxes include taxes on items like motor fuels, alcoholic beverages, and tobacco products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state government of Missouri from other selective sales and gross receipts taxes, which include taxes on items like motor fuels, alcohol, and tobacco.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Missouri's economic activity and fiscal health, as it reflects consumer spending and state tax revenue from specific selective sales taxes.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its quarterly survey of state and local government tax revenue.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this metric to assess Missouri's economic conditions and fiscal position, which can inform policy decisions and market outlooks.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a delay of a few months between the end of the quarter and the release of the latest figures.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Missouri (MOOTHSLSTAX), retrieved from FRED.