Personal Tax and Nontax Payments for United States
Q15026USQ027NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.60
Year-over-Year Change
24.14%
Date Range
1/1/1939 - 10/1/1963
Summary
This economic indicator tracks personal tax and nontax payments made by U.S. consumers and households. It provides insights into the tax burden and spending power of American households.
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 Personal Tax and Nontax Payments metric represents the total taxes and other mandatory payments made by individuals in the United States. It is an important measure of the overall tax burden on households and their disposable income.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on tax revenue and household payment records.
Historical Context
Policymakers and economists use this indicator to assess the impact of tax policies on consumer spending and the broader economy.
Key Facts
- Personal tax and nontax payments account for over 20% of disposable personal income in the U.S.
- Payments have increased by over 50% in the past two decades, outpacing income growth.
- Nontax payments make up around 30% of the total, including fees, fines, and other mandatory charges.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total amount of personal taxes and mandatory non-tax payments made by U.S. households and individuals.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the tax burden on consumers and the amount of disposable income available for spending, which is crucial for assessing economic conditions and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on tax revenue and household payment records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to analyze the impact of tax policies on consumer spending and the broader economy.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately three months.
Related Trends
Federal Cash Payments to the Public for United States
M15033USM027NNBR
Postal Receipts for Germany
M1508BDEM426NNBR
Federal Surplus or Deficit, High Employment Budget for the United States
Q15018USQ027SNBR
Federal Budget Surplus or Deficit for the United States
M1525BUSM144NNBR
Federal Budget Receipts, Customs for United States
M15001USM144NNBR
Tax on Receipts and Checks for France
M1515AFRM410NNBR
Citation
U.S. Federal Reserve, Personal Tax and Nontax Payments for United States (Q15026USQ027NNBR), retrieved from FRED.