National Totals of State Tax Revenue: T41 Corporation Net Income Taxes for the United States
QTAXT41QTAXCAT2USNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,340.00
Year-over-Year Change
13.51%
Date Range
1/1/1992 - 1/1/2025
Summary
This economic trend measures state-level corporate income tax revenue in the United States. It provides valuable insights into business activity and state fiscal conditions.
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 National Totals of State Tax Revenue: T41 Corporation Net Income Taxes for the United States tracks the total corporate income tax revenue collected by state governments. This data point is an important indicator of economic performance and can inform state budget and policy decisions.
Methodology
The data is collected and aggregated by the U.S. Census Bureau from state tax revenue reports.
Historical Context
Economists and policymakers use this trend to analyze business investment, labor market conditions, and state fiscal health.
Key Facts
- State corporate income taxes totaled $63.2 billion in 2021.
- This trend has shown volatility, reflecting economic cycles.
- California, New York, and Texas account for over 50% of state corporate tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total corporate income tax revenue collected by state governments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into business activity, state fiscal conditions, and can inform economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the U.S. Census Bureau from state tax revenue reports.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze business investment, labor market conditions, and state fiscal health.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may not fully capture all state-level reporting.
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Citation
U.S. Federal Reserve, National Totals of State Tax Revenue: T41 Corporation Net Income Taxes for the United States (QTAXT41QTAXCAT2USNO), retrieved from FRED.