State Tax Collections: T41 Corporation Net Income Taxes for Washington
QTAXT41QTAXCAT3WANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 7/1/2013
Summary
This economic trend measures Washington state's net income tax collections from corporations. It provides insights into the financial health and tax burden of businesses operating in the state.
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: T41 Corporation Net Income Taxes for Washington series tracks the total net income tax revenue collected from corporations by the state government. This metric is a key indicator of Washington's business climate and can inform policy decisions related to corporate taxation.
Methodology
The data is collected directly from Washington state tax authorities.
Historical Context
Policymakers and economists use this trend to assess the state's economic conditions and the impact of tax policies on businesses.
Key Facts
- Washington has no state personal income tax.
- Corporate income tax is a major revenue source for the state.
- Tax collections can fluctuate with business cycles and policy changes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net income tax revenue collected from corporations by the Washington state government.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial health and tax burden of businesses operating in Washington, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected directly from Washington state tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the state's economic conditions and the impact of tax policies on businesses.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and processing timelines of state tax authorities.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for Washington (QTAXT41QTAXCAT3WANO), retrieved from FRED.