State Tax Collections: Total Taxes for Wyoming
QTAXTOTALQTAXCAT3WYNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
586.00
Year-over-Year Change
-1.68%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the total tax collections for the state of Wyoming. It is an important indicator of state 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 Wyoming metric tracks the overall tax revenue collected by the Wyoming state government from various sources. This data is used by economists, policymakers, and analysts to assess the state's fiscal position and economic performance.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by state and federal policymakers to understand the economic climate and guide fiscal policy decisions.
Key Facts
- Wyoming has no state personal income tax.
- Sales tax accounts for the largest share of state tax revenue in Wyoming.
- Total state tax collections in Wyoming have fluctuated with economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Wyoming from various sources, including sales, income, property, and other taxes.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of Wyoming's fiscal health and economic conditions, providing insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: State tax collection data is closely monitored by policymakers to assess the economic climate and guide fiscal policy decisions at the state and federal levels.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical lag of a few months between the end of the reporting period and the publication of the data.
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Citation
U.S. Federal Reserve, State Tax Collections: Total Taxes for Wyoming (QTAXTOTALQTAXCAT3WYNO), retrieved from FRED.