State Government Tax Collections, Corporation Net Income Taxes in Oregon
ORCORPINCTX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,685,221.00
Year-over-Year Change
289.08%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Corporation Net Income Taxes in Oregon' metric tracks the total amount of corporation net income taxes collected by the Oregon state government. This provides insight into Oregon's corporate tax revenue and economic conditions.
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 data series represents the dollar value of corporation net income taxes paid to the Oregon state government. It is a key indicator of corporate profitability and tax contributions within the state, which can inform economic and fiscal policy decisions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
Policymakers and analysts use this metric to monitor Oregon's corporate tax base and revenue, which are important factors in the state's fiscal health and budgeting.
Key Facts
- Oregon collected $1.03 billion in corporation net income taxes in 2021.
- Corporate net income taxes account for about 7% of Oregon's total state tax revenue.
- Oregon's corporate tax rate is currently 6.6%.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of corporation net income taxes paid to the Oregon state government. It provides insight into the state's corporate tax revenue.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding Oregon's corporate tax base and fiscal conditions, which can inform economic and policy decisions by the state government.
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: Policymakers and analysts use this metric to monitor Oregon's corporate tax revenue, which is a key factor in the state's fiscal health and budgeting processes.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately 1 year.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Corporation Net Income Taxes in Oregon (ORCORPINCTX), retrieved from FRED.