State Tax Collections: T50 Death and Gift Taxes for Maine
QTAXT50QTAXCAT3MENO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.00
Year-over-Year Change
200.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures the total state tax collections from death and gift taxes in Maine. It provides insight into Maine's fiscal policies and revenue sources.
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: T50 Death and Gift Taxes for Maine metric tracks the total revenue generated by death and gift taxes levied at the state level in Maine. This data point is useful for analyzing Maine's tax structure and budget, as well as understanding broader trends in state-level taxation.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this metric to evaluate Maine's fiscal health and policy decisions.
Key Facts
- Maine levies both death and gift taxes.
- Death and gift taxes account for a small portion of Maine's total tax revenue.
- Tax collections from these sources have fluctuated over time in Maine.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total state tax collections from death and gift taxes in Maine. It provides insight into Maine's fiscal policies and revenue sources.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for analyzing Maine's tax structure and budget, as well as understanding broader trends in state-level taxation.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate Maine's fiscal health and policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in the reporting of this data by the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T50 Death and Gift Taxes for Maine (QTAXT50QTAXCAT3MENO), retrieved from FRED.