State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Wisconsin
WIOTHSLSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
520,670.00
Year-over-Year Change
10.66%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from other selective sales and gross receipts taxes in Wisconsin. It provides insights into the state's revenue sources and fiscal health.
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, Other Selective Sales and Gross Receipts Taxes in Wisconsin' series tracks the revenue Wisconsin's state government collects from taxes on specific goods, services, and transactions beyond standard sales taxes. This data is used by economists and policymakers to analyze the state's fiscal position and tax policy.
Methodology
The data is collected and reported by the U.S. Census Bureau through state government tax revenue surveys.
Historical Context
This economic indicator is relevant for assessing Wisconsin's economic performance and the policy choices of its state government.
Key Facts
- Wisconsin collected $2.2 billion in other selective sales and gross receipts taxes in 2021.
- This tax revenue accounts for 12% of Wisconsin's total state tax collections.
- Other selective sales taxes include taxes on motor fuels, alcohol, tobacco, and public utilities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the Wisconsin state government from other selective sales and gross receipts taxes, beyond standard sales taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Wisconsin's fiscal health and the tax policy choices of its state government, which is relevant for economists, policymakers, and residents.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through state government tax revenue surveys.
Q: How is this trend used in economic policy?
A: This trend is used by economists and state policymakers to analyze Wisconsin's revenue sources and make informed decisions about fiscal policy, taxation, and government spending.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, and there may be some delays in publishing the most recent figures.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Wisconsin (WIOTHSLSTAX), retrieved from FRED.