State Tax Collections: T40 Individual Income Taxes for Iowa
QTAXT40QTAXCAT3IANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
788.00
Year-over-Year Change
-38.49%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures individual income tax collections for the state of Iowa. It provides insight into the state's fiscal health and the economic conditions of its residents.
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: T40 Individual Income Taxes for Iowa series tracks the total amount of individual income taxes collected by the state government. This metric is an important indicator of economic activity and personal income levels within Iowa.
Methodology
The data is collected directly from the Iowa Department of Revenue.
Historical Context
Policymakers and economists use this trend to analyze Iowa's fiscal policies and the broader economic landscape.
Key Facts
- Iowa has a progressive individual income tax structure.
- Individual income taxes account for over 50% of Iowa's total tax revenue.
- Iowa's individual income tax collections have grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of individual income taxes collected by the state government of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Iowa's fiscal health and the economic conditions of its residents, making it relevant for policymakers, economists, and analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from the Iowa Department of Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze Iowa's fiscal policies and the broader economic landscape.
Q: Are there update delays or limitations?
A: The data is published regularly by the Iowa Department of Revenue, but there may be a short delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T40 Individual Income Taxes for Iowa (QTAXT40QTAXCAT3IANO), retrieved from FRED.