State Government Tax Collections, Documentary and Stock Transfer Taxes in Wisconsin
WIDOCUTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88,823.00
Year-over-Year Change
122.93%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures the documentary and stock transfer taxes collected by the state government of Wisconsin. It provides insight into the state's tax revenue from transactions involving real estate and securities.
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 documentary and stock transfer taxes are levied by the state of Wisconsin on various financial and real estate transactions. This data series tracks the total revenue generated from these taxes, which can serve as an indicator of economic activity and market sentiment in the state.
Methodology
The data is collected and reported by the Wisconsin Department of Revenue.
Historical Context
Policymakers and analysts use this trend to assess Wisconsin's fiscal health and economic conditions.
Key Facts
- Wisconsin levies a 0.2% tax on real estate transfers.
- The state also imposes a 0.2% tax on certain stock and security transactions.
- Tax collections from these sources contribute to Wisconsin's general fund revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state of Wisconsin from documentary and stock transfer taxes on various financial and real estate transactions.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into economic activity and market sentiment in Wisconsin, as it reflects the volume of real estate and securities transactions in the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Wisconsin Department of Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Wisconsin's fiscal health and economic conditions, as the tax revenue contributes to the state's general fund.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but there may be some delays in publication.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Documentary and Stock Transfer Taxes in Wisconsin (WIDOCUTAX), retrieved from FRED.