State Tax Collections: T50 Death and Gift Taxes for Wyoming
QTAXT50QTAXCAT3WYNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T50 Death and Gift Taxes for Wyoming' series tracks the revenue collected by the state of Wyoming from death and gift taxes. This metric is important for economists and policymakers to understand state fiscal conditions and potential policy adjustments.
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 series represents the total tax revenue collected by the state of Wyoming from death and gift taxes, which are levied on the transfer of wealth upon an individual's death or as a gift during their lifetime. It provides insight into the state's tax base and can inform fiscal and estate planning policy decisions.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their State Government Tax Collections program.
Historical Context
Policymakers and analysts use this metric to assess Wyoming's tax revenue sources and the relative contribution of death and gift taxes to the state's overall fiscal position.
Key Facts
- Wyoming has no state-level estate or inheritance tax.
- Death and gift taxes account for a small portion of Wyoming's total tax revenue.
- Tax collections from this source have remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the revenue collected by the state of Wyoming from death and gift taxes, which are levied on the transfer of wealth upon an individual's death or as a gift during their lifetime.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Wyoming's tax base and can inform fiscal and estate planning policy decisions for the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their State Government Tax Collections program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Wyoming's tax revenue sources and the relative contribution of death and gift taxes to the state's overall fiscal position.
Q: Are there update delays or limitations?
A: The data is reported quarterly, but there may be some delays in publication.
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Citation
U.S. Federal Reserve, State Tax Collections: T50 Death and Gift Taxes for Wyoming (QTAXT50QTAXCAT3WYNO), retrieved from FRED.