State Tax Collections: T41 Corporation Net Income Taxes for Wisconsin
QTAXT41QTAXCAT3WINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
494.00
Year-over-Year Change
-13.33%
Date Range
1/1/1994 - 1/1/2025
Summary
This series measures corporation net income tax collections for the state of Wisconsin. It provides insight into the state's corporate tax revenue and economic performance.
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 Wisconsin series tracks the quarterly net income tax collections from corporations operating in the state. This data point is a key indicator of business activity and profitability in Wisconsin.
Methodology
The data is collected by the U.S. Census Bureau through quarterly tax revenue surveys of state governments.
Historical Context
This trend is closely monitored by state policymakers, tax authorities, and economic analysts to assess Wisconsin's economic conditions and fiscal health.
Key Facts
- Wisconsin collected $1.2 billion in corporate net income taxes in 2021.
- This trend declined by 8% in 2020 due to the COVID-19 pandemic.
- Corporation net income taxes account for 10% of Wisconsin's total state tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly net income tax collections from corporations operating in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the profitability and economic performance of businesses in Wisconsin, which is crucial for understanding the state's fiscal health and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through quarterly tax revenue surveys of state governments.
Q: How is this trend used in economic policy?
A: State policymakers, tax authorities, and economic analysts closely monitor this trend to assess Wisconsin's economic conditions and make informed decisions about fiscal policy, taxation, and economic development.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical lag of 3-6 months. There may be revisions to previous quarters due to updated tax collection information.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for Wisconsin (QTAXT41QTAXCAT3WINO), retrieved from FRED.