State Government Tax Collections, Death and Gift Taxes in Oregon
ORDTHGFTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
340,041.00
Year-over-Year Change
233.98%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures death and gift tax collections by the state government of Oregon. It is an important indicator of state fiscal health and revenue sources.
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 Oregon series tracks the total revenue the state government receives from taxes on inheritances, estates, and gifts. This provides insight into broader state budget conditions and reliance on different tax sources.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess Oregon's fiscal position and tax policy.
Key Facts
- Oregon levies a tax on estates and inheritances over $1 million.
- Gift tax collections account for a small portion of total death and gift tax revenue.
- Death and gift taxes made up about 1% of Oregon's total state tax collections in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of tax revenue collected by the Oregon state government from death and gift taxes.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Oregon's fiscal health and the state's reliance on different tax sources, which is useful for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Oregon's fiscal position and tax policy, including the role of death and gift taxes as a revenue source.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be a delay in reflecting the most recent tax collection figures.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Death and Gift Taxes in Oregon (ORDTHGFTAX), retrieved from FRED.