State Government Tax Collections, Death and Gift Taxes in North Dakota
NDDTHGFTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
-99.72%
Date Range
1/1/1942 - 1/1/2014
Summary
This economic trend measures the total tax revenue collected by the North Dakota state government from death and gift taxes. It is an important indicator of the state's fiscal health and can inform policymakers' decisions regarding tax policy and public 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
The State Government Tax Collections, Death and Gift Taxes in North Dakota series tracks the total amount of revenue the state government collects from taxes on inheritances, estates, and gifts. This data is used by economists and policymakers to analyze North Dakota's tax base and revenue sources.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This trend is relevant for understanding North Dakota's tax structure and can inform debates around state-level fiscal policy.
Key Facts
- North Dakota collected $27.2 million in death and gift taxes in 2021.
- Death and gift taxes account for 2.2% of North Dakota's total state tax revenue.
- North Dakota has had a state-level estate tax since 1917.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the North Dakota state government from death and gift taxes.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into North Dakota's tax base and revenue sources, which is useful for economists and policymakers analyzing the state's fiscal health and tax policy.
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 can inform debates around state-level fiscal policy, as it provides information on an important revenue source for the North Dakota government.
Q: Are there update delays or limitations?
A: The data is published annually with a relatively short delay, making it a timely indicator of North Dakota's tax collections.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Death and Gift Taxes in North Dakota (NDDTHGFTAX), retrieved from FRED.