State Government Tax Collections, Motor Vehicle Licenses in Wisconsin
WIMOTOLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
758,033.00
Year-over-Year Change
63.41%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures the revenue collected by the state government of Wisconsin from motor vehicle license taxes. It is an important indicator of economic activity and consumer confidence in the state.
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 Government Tax Collections, Motor Vehicle Licenses in Wisconsin metric tracks the total tax revenue the Wisconsin state government collects from fees and taxes on motor vehicle registrations and licenses. This data point provides insight into consumer spending and transportation trends within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess the health of Wisconsin's economy and transportation sector.
Key Facts
- Wisconsin collected $337 million in motor vehicle license taxes in 2020.
- Tax collections from this source have grown by 18% over the past decade.
- Motor vehicle license taxes account for 3.5% of Wisconsin's total state tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue collected by the state government of Wisconsin from taxes and fees on motor vehicle registrations and licenses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending and transportation activity within the state, which are important indicators of Wisconsin's economic health.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the performance of Wisconsin's economy and transportation sector, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a slight delay, so it may not reflect the most current economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Vehicle Licenses in Wisconsin (WIMOTOLICTAX), retrieved from FRED.