National Totals of State Tax Revenue: T16 Tobacco Products Sales Tax, 4 Quarters Ending for the United States
QTAXT164QEQTAXCAT2USNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,037.00
Year-over-Year Change
-20.46%
Date Range
1/1/1992 - 1/1/2025
Summary
The National Totals of State Tax Revenue: T16 Tobacco Products Sales Tax, 4 Quarters Ending for the United States tracks quarterly state-level tax revenue from tobacco product sales.
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 indicator provides insights into state-level tobacco tax collections, an important revenue stream and policy lever for state governments. Analysts use this data to understand trends in tobacco consumption and the fiscal impacts of tobacco taxation.
Methodology
The data is collected and aggregated by the U.S. Census Bureau from state-level tax revenue reports.
Historical Context
Policymakers and economists monitor this trend to assess the effectiveness of tobacco tax policies in reducing smoking and generating state revenue.
Key Facts
- Tobacco taxes are a significant revenue source for U.S. state governments.
- Tobacco tax rates vary widely across states, from $0.17 per pack to $4.50 per pack.
- Higher tobacco taxes are associated with lower smoking rates, especially among youth.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly state-level tax revenue from the sale of tobacco products, including cigarettes, cigars, and other tobacco items.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the fiscal impacts of tobacco taxation and the effectiveness of tobacco control policies in reducing smoking and generating state revenue.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the U.S. Census Bureau from state-level tax revenue reports.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the effectiveness of tobacco tax policies in reducing smoking and generating state revenue.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of several months, and may not capture all state-level reporting.
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Citation
U.S. Federal Reserve, National Totals of State Tax Revenue: T16 Tobacco Products Sales Tax, 4 Quarters Ending for the United States (QTAXT164QEQTAXCAT2USNO), retrieved from FRED.