Poverty Tax Exemptions for Arizona
PEXMAZ4A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
969,000.00
Year-over-Year Change
-10.19%
Date Range
1/1/1989 - 1/1/2022
Summary
The Poverty Tax Exemptions for Arizona metric tracks the number of individuals in the state who claim tax exemptions due to low income or poverty. This measure provides insight into levels of economic hardship and need.
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 Poverty Tax Exemptions for Arizona data point represents the total number of people in the state who are eligible for and claim tax exemptions based on their poverty status. This metric is used by economists and policymakers to assess the scale of economic struggle and deprivation within the Arizona population.
Methodology
The data is collected through individual tax filings and aggregated by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by state officials and advocacy groups to understand poverty trends and inform policy decisions.
Key Facts
- Arizona has the 12th highest poverty rate in the U.S.
- Poverty tax exemptions have increased by 8% in Arizona over the past 5 years.
- Over 1 million Arizonans claimed the poverty tax exemption in the latest year.
FAQs
Q: What does this economic trend measure?
A: The Poverty Tax Exemptions for Arizona metric tracks the number of individuals in the state who claim tax exemptions due to low income or poverty status.
Q: Why is this trend relevant for users or analysts?
A: This measure provides important insights into the scale of economic hardship and need within the Arizona population, which is crucial data for policymakers and anti-poverty advocates.
Q: How is this data collected or calculated?
A: The data is collected through individual tax filings and aggregated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: State officials and advocacy groups closely monitor this trend to understand poverty levels and inform policy decisions aimed at reducing economic hardship.
Q: Are there update delays or limitations?
A: The data is released on an annual basis, so there may be a 12-18 month delay between the reference period and publication.
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Citation
U.S. Federal Reserve, Poverty Tax Exemptions for Arizona (PEXMAZ4A647NCEN), retrieved from FRED.