Poverty Tax Exemptions Under Age 65 for Wisconsin
PLT65EXMWI55A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
521,000.00
Year-over-Year Change
-20.68%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of poverty tax exemptions claimed by Wisconsin residents under age 65. It provides insight into levels of poverty and need for tax relief 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
The poverty tax exemption allows low-income individuals to reduce their taxable income. Tracking this exemption can help policymakers and economists understand the prevalence of poverty and financial hardship in Wisconsin.
Methodology
The data is collected through individual tax filings and reported by the U.S. Census Bureau.
Historical Context
This metric is useful for analyzing the economic conditions and social support programs in Wisconsin.
Key Facts
- Wisconsin has over 647,000 poverty tax exemptions for under-65 residents.
- The poverty tax exemption reduces taxable income for low-income individuals.
- Tracking this metric can inform policy decisions related to poverty alleviation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of poverty tax exemptions claimed by Wisconsin residents under age 65. It provides insight into levels of poverty and need for tax relief in the state.
Q: Why is this trend relevant for users or analysts?
A: Tracking the poverty tax exemption can help policymakers and economists understand the prevalence of poverty and financial hardship in Wisconsin, which is useful for analyzing economic conditions and social support programs.
Q: How is this data collected or calculated?
A: The data is collected through individual tax filings and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is useful for analyzing the economic conditions and social support programs in Wisconsin, which can inform policy decisions related to poverty alleviation.
Q: Are there update delays or limitations?
A: The data is reported by the U.S. Census Bureau, so there may be some update delays or limitations based on their data collection and reporting processes.
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Citation
U.S. Federal Reserve, Poverty Tax Exemptions Under Age 65 for Wisconsin (PLT65EXMWI55A647NCEN), retrieved from FRED.