State Tax Collections: T10 Alcoholic Beverages Sales Tax for Mississippi
QTAXT10QTAXCAT3MSNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.00
Year-over-Year Change
-9.09%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from the alcoholic beverages sales tax in Mississippi. It provides insight into consumer spending and state government revenue.
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 Tax Collections: T10 Alcoholic Beverages Sales Tax for Mississippi tracks the total revenue collected by the state government from the taxation of alcoholic beverage sales. This data series is used by economists and policymakers to analyze consumer demand, monitor state fiscal health, and inform tax policy decisions.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding Mississippi's tax base and budget considerations.
Key Facts
- Mississippi's alcoholic beverages sales tax rate is currently 7.5%.
- Alcoholic beverage sales taxes account for approximately 2% of Mississippi's total state tax revenue.
- Quarterly alcoholic beverages sales tax collections in Mississippi averaged $28 million from 2015 to 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of tax revenue collected by the state of Mississippi from the sales of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending patterns and state government finances, which are important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess Mississippi's tax base, monitor state fiscal health, and inform decisions about alcohol taxation and regulation.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a 3-month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for Mississippi (QTAXT10QTAXCAT3MSNO), retrieved from FRED.