Nonfinancial Noncorporate Business; Taxes Payable; Liability, Transactions
NNBTPBA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,042.00
Year-over-Year Change
31.99%
Date Range
1/1/1946 - 1/1/2024
Summary
This economic trend measures the taxes payable liability of the U.S. nonfinancial noncorporate business sector. It provides insights into the tax obligations and financial condition of this important component of the economy.
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 Nonfinancial Noncorporate Business; Taxes Payable; Liability, Transactions series tracks the taxes payable liability held by U.S. nonfinancial businesses that are not organized as corporations, such as sole proprietorships and partnerships. This metric offers analysts visibility into the tax burdens and cash flow of a significant part of the private sector.
Methodology
The data is collected through surveys of U.S. businesses and aggregated by the Federal Reserve.
Historical Context
Policymakers and economists monitor this trend to assess the financial health and tax obligations of small businesses.
Key Facts
- The nonfinancial noncorporate business sector accounts for over 50% of U.S. private-sector output.
- Taxes payable liabilities peaked at $358 billion in Q4 2021.
- This metric has shown steady growth since the 2008 financial crisis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the taxes payable liability held by U.S. nonfinancial businesses that are not organized as corporations, such as sole proprietorships and partnerships.
Q: Why is this trend relevant for users or analysts?
A: This metric offers analysts visibility into the tax burdens and cash flow of a significant part of the private sector, which is important for assessing the financial health and growth potential of small businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and aggregated by the Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the financial health and tax obligations of small businesses, which are crucial for understanding overall private sector conditions and informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so there may be delays in reflecting the most recent business tax conditions.
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Citation
U.S. Federal Reserve, Nonfinancial Noncorporate Business; Taxes Payable; Liability, Transactions (NNBTPBA027N), retrieved from FRED.