State Government Tax Collections, Total Selective Sales Taxes in Missouri
MOTLSLTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,324,427.00
Year-over-Year Change
39.90%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Total Selective Sales Taxes in Missouri' trend measures the total revenue from selective sales taxes collected by the Missouri state government. This data is important for economists and policymakers to understand the state's fiscal health and the impact of consumer spending.
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
This economic trend represents the total amount of selective sales taxes, such as taxes on goods like motor fuel, alcohol, and tobacco, collected by the state government of Missouri. It provides insight into consumer behavior and state government finances, which is valuable for economic analysis and policy decisions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess the state's economic conditions and the impact of fiscal policy.
Key Facts
- Missouri collected $2.8 billion in selective sales taxes in 2020.
- Selective sales taxes account for 16% of Missouri's total tax revenue.
- Selective sales tax collections in Missouri have grown by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue from selective sales taxes, such as taxes on goods like motor fuel, alcohol, and tobacco, collected by the Missouri state government.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer behavior and state government finances, which is valuable for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to assess the state's economic conditions and the impact of fiscal policy.
Q: Are there update delays or limitations?
A: The data is typically published with a 6-month delay by the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total Selective Sales Taxes in Missouri (MOTLSLTAX), retrieved from FRED.