State Tax Collections: T99 Taxes, Not Elsewhere Classified for North Carolina
QTAXT99QTAXCAT3NCNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2010
Summary
This economic trend measures taxes collected by the state of North Carolina in the 'Not Elsewhere Classified' category, providing insight into the state's overall tax revenue and economic activity.
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: T99 Taxes, Not Elsewhere Classified for North Carolina' data series tracks the dollar amount of taxes collected by the North Carolina government that do not fit into other established tax categories. This metric offers a broad view of the state's fiscal health and the economic forces driving tax revenue.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
Economists and policymakers use this trend to analyze the health of North Carolina's state finances and the broader economic climate.
Key Facts
- North Carolina's 'Not Elsewhere Classified' tax collections totaled $1.2 billion in 2021.
- This tax category represents around 3% of the state's total tax revenue.
- The trend has shown moderate year-over-year growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar amount of taxes collected by the state of North Carolina that do not fit into other established tax categories, providing a broad view of the state's fiscal health.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for economists and policymakers analyzing the economic and fiscal conditions in North Carolina, as it offers insights into the state's overall tax revenue and economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the health of North Carolina's state finances and the broader economic climate, which can inform fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with some potential for delay in the most recent quarters.
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Citation
U.S. Federal Reserve, State Tax Collections: T99 Taxes, Not Elsewhere Classified for North Carolina (QTAXT99QTAXCAT3NCNO), retrieved from FRED.