State Tax Collections: Total Taxes for Alaska
QTAXTOTALQTAXCAT3AKNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
242.00
Year-over-Year Change
-64.77%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic indicator tracks total tax revenue collected by the state government of Alaska. It is a key measure of the state's fiscal health and economic conditions.
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: Total Taxes for Alaska metric encompasses all types of taxes levied by the Alaskan state government, including personal income tax, corporate tax, sales tax, and other state-level taxes. This comprehensive data point provides insight into the overall financial resources available to policymakers and the fiscal position of the state.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau through surveys of state government finance.
Historical Context
State tax collections are closely monitored by economists, analysts, and policymakers to assess a state's economic performance and fiscal stability.
Key Facts
- Alaska has no state-level sales tax.
- Corporate tax revenue makes up a significant portion of Alaska's state tax collections.
- Tax collections are an important source of funding for Alaska's state government programs.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: Total Taxes for Alaska metric tracks the total amount of tax revenue collected by the Alaskan state government from various sources, including personal income tax, corporate tax, and other state-level taxes.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the fiscal health and economic conditions of the state of Alaska, as tax collections are a key indicator of the state's overall financial resources and economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: State tax collections are closely monitored by economists, analysts, and policymakers to assess a state's economic performance and fiscal stability, which informs policy decisions and budget planning.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a several-month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, State Tax Collections: Total Taxes for Alaska (QTAXTOTALQTAXCAT3AKNO), retrieved from FRED.