State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in Wisconsin
WIPARITAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1951 - 1/1/2022
Summary
This economic trend measures pari-mutuel selective sales tax collections by the state government of Wisconsin. It provides insights into a specific revenue stream for state policymakers.
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 WIPARITAX series tracks the revenue generated from the pari-mutuel, or betting, selective sales taxes collected by the state of Wisconsin. This data point is used by economists and analysts to understand trends in state government finances and tax policy.
Methodology
The data is collected directly from Wisconsin state government financial records.
Historical Context
This trend is relevant for understanding state-level fiscal conditions and the role of selective sales taxes.
Key Facts
- Wisconsin's pari-mutuel selective sales tax collections totaled $4.9 million in 2021.
- Pari-mutuel taxes account for less than 1% of Wisconsin's total state tax revenue.
- This tax applies to betting on horse racing and other pari-mutuel events in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the state government of Wisconsin from pari-mutuel, or betting, selective sales taxes.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into a specific revenue stream for the state government, which is useful for understanding Wisconsin's fiscal conditions and tax policy.
Q: How is this data collected or calculated?
A: The data is collected directly from Wisconsin state government financial records.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze state-level fiscal conditions and the role of selective sales taxes in state government revenue.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, but there may be some reporting delays from the state government.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in Wisconsin (WIPARITAX), retrieved from FRED.