State Tax Collections: Total Taxes for Wisconsin
QTAXTOTALQTAXCAT3WINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,363.00
Year-over-Year Change
9.07%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures total tax collections by the state government of Wisconsin. It is a key indicator of Wisconsin's fiscal health 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: Total Taxes for Wisconsin metric tracks the sum of all tax revenues collected by the Wisconsin state government. It provides insight into the state's overall tax base and can be used to analyze economic trends and policy decisions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government tax agencies.
Historical Context
Policymakers and analysts use this metric to assess Wisconsin's fiscal position and make informed decisions about budgets, taxation, and economic development.
Key Facts
- Wisconsin collected over $23 billion in total taxes in 2020.
- Tax collections grew by 4.2% in Wisconsin from 2019 to 2020.
- Sales and gross receipts taxes account for the largest share of Wisconsin's tax revenue.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: Total Taxes for Wisconsin metric tracks the total amount of tax revenue collected by the Wisconsin state government.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Wisconsin's overall fiscal health and economic activity, which is crucial information for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government tax agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Wisconsin's fiscal position and make informed decisions about budgets, taxation, and economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: Total Taxes for Wisconsin (QTAXTOTALQTAXCAT3WINO), retrieved from FRED.