State Tax Collections: T50 Death and Gift Taxes for the United States
QTAXT50QTAXCAT3USNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,671.00
Year-over-Year Change
7.39%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T50 Death and Gift Taxes for the United States' series measures the total death and gift tax collections across all U.S. states. This provides insight into state-level tax revenue trends and the underlying economic activity driving estate transfers.
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
This economic series tracks the combined tax receipts from estate, inheritance, and gift taxes levied by U.S. state governments. It offers a high-level view of trends in wealth transfers and estate planning activities that can inform economic analysis and policymaking.
Methodology
The data is collected by the U.S. Census Bureau through state-level tax revenue reports.
Historical Context
This series is closely watched by economists, tax policy analysts, and state budget planners.
Key Facts
- Estate and gift taxes generate over $20 billion in annual state revenue.
- Death tax collections have declined since the 2000s due to policy changes.
- High-net-worth individuals often plan transfers to minimize state tax burdens.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total state-level tax revenue collected from estate, inheritance, and gift taxes across the United States.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into wealth transfer activity and can inform analysis of state tax policies and budgets.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state-level tax revenue reporting.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this series to assess the impact of estate tax laws on revenue and wealth distribution.
Q: Are there update delays or limitations?
A: There can be lags of several months in state-level tax data reporting, and the series does not provide detailed breakdowns by tax type.
Related Trends
State Tax Collections: T51 Documentary and Stock Transfer Taxes for Washington
QTAXT51QTAXCAT3WANO
State Tax Collections: T27 Public Utilities License for Ohio
QTAXT27QTAXCAT3OHNO
State Tax Collections: T41 Corporation Net Income Taxes for Indiana
QTAXT41QTAXCAT3INNO
State Tax Collections: T27 Public Utilities License for South Carolina
QTAXT27QTAXCAT3SCNO
Mean Adjusted Gross Income for Pennsylvania
MEANAGIPA42A052NCEN
State Tax Collections: T11 Amusements Sales Tax for Arizona
QTAXT11QTAXCAT3AZNO
Citation
U.S. Federal Reserve, State Tax Collections: T50 Death and Gift Taxes for the United States (QTAXT50QTAXCAT3USNO), retrieved from FRED.