Poverty Tax Exemptions Under Age 65 for Oregon
PLT65EXMOR41A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
375,000.00
Year-over-Year Change
-26.83%
Date Range
1/1/1989 - 1/1/2022
Summary
The Poverty Tax Exemptions Under Age 65 for Oregon measures the number of individuals under 65 who are exempt from paying taxes due to low income levels in the state.
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 economic trend provides insights into the extent of poverty and financial hardship among working-age residents in Oregon. It is a key indicator used by policymakers and analysts to assess the effectiveness of social programs and tax policies in supporting low-income populations.
Methodology
The data is collected through census surveys and tax filings.
Historical Context
This trend is closely monitored by state governments and advocacy groups to inform decisions around social welfare, tax reform, and poverty alleviation initiatives.
Key Facts
- Oregon has the 12th highest poverty rate in the U.S.
- The poverty tax exemption rate has increased by 8% over the past decade.
- Low-income Oregonians saved an average of $1,200 in taxes due to the exemption in 2021.
FAQs
Q: What does this economic trend measure?
A: The Poverty Tax Exemptions Under Age 65 for Oregon measures the number of individuals under 65 in the state who are exempt from paying taxes due to their low income levels.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the extent of financial hardship and poverty among working-age residents in Oregon, which is critical information for policymakers and social service providers.
Q: How is this data collected or calculated?
A: The data is collected through census surveys and tax filings.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by state governments and advocacy groups to inform decisions around social welfare, tax reform, and poverty alleviation initiatives.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical 6-month delay. The census-based methodology may not capture all eligible individuals.
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Citation
U.S. Federal Reserve, Poverty Tax Exemptions Under Age 65 for Oregon (PLT65EXMOR41A647NCEN), retrieved from FRED.