The dataset below reports sales tax revenue collections, the sales tax rate, U.S. real GDP, and a binary variable indica
Posted: Wed Mar 30, 2022 3:43 pm
The dataset below reports sales tax revenue collections, the
sales tax rate, U.S. real GDP, and a binary variable indicating
years during recessions. This tax is currently imposed at a rate of
5.75% of retail price. The data span fiscal year 1996 to fiscal
year 2020. Please note that the fiscal year runs from July 1 of one
year to June 30 of the next year. Revenue is reported in
millions of dollars. The percent sales tax rate is reported as a
numeral instead of a proportion or percentage where, for instance,
5.00 is a 5% tax rate. These data were obtained from the Ohio
Department of Taxation. The GDP data are reported in billions of
dollars. These data are published by the Ohio Department of
Taxation and the U.S. Bureau of Economic Analysis.
Data:
Complete the following tasks:
Fiscal Year Recession Years (1=Yes,O=No) 0 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 Ohio Sales Tax Rate (percent) 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.92 6.00 0 0 0 1 0 0 Մ ՄԴ 0 0 2006 5.54 0 2007 Ohio Sales Tax Revenue (in millions) $ 4,978.6 $ 5,219.7 $ 5,531.2 $ 5,825.1 $ 6,212.0 $ 6,235.0 $ 6,343.5 $ 6,701.4 $ 7,834.7 $ 8,131.3 $ 7,673.0 $ 7,730.6 $ 7,865.7 7,325.2 $ 7,253.5 $ 7,767.7 $ 8,272.7 $ 8,625.4 $ 9,344.6 $ 10,147.6 $ 10,537.3 $ 10,806.3 $ 10,343.0 $ 10,777.3 $ 10,685.8 5.50 0 U.S. Real GDP (in billions) $ 10,804.70 $ 11,266.48 $ 11,776.38 $ 12,320.15 $ 12,906.25 $ 13,240.40 $ 13,350.23 $ 13,620.73 $ 14,170.33 $ 14,671.58 $ 15,152.10 $ 15,464.68 $ 15,713.10 $ 15,321.25 $ 15,379.43 $ 15,740.13 $ 16,038.25 $ 16,311.50 $ 16,663.33 $ 17,229.68 $ 17,570.40 $ 17,918.00 $ 18,432.48 $ 18,884.30 $ 18,677.25 5.50 1 2008 2009 $ 5.50 1 5.50 0 5.50 0 2010 2011 2012 2013 2014 0 0 5.50 5.50 5.67 5.75 0 2015 0 2016 2017 2018 5.75 5.75 5.75 0 0 0 O 2019 2020 5.75 5.75 1
sales tax rate, U.S. real GDP, and a binary variable indicating
years during recessions. This tax is currently imposed at a rate of
5.75% of retail price. The data span fiscal year 1996 to fiscal
year 2020. Please note that the fiscal year runs from July 1 of one
year to June 30 of the next year. Revenue is reported in
millions of dollars. The percent sales tax rate is reported as a
numeral instead of a proportion or percentage where, for instance,
5.00 is a 5% tax rate. These data were obtained from the Ohio
Department of Taxation. The GDP data are reported in billions of
dollars. These data are published by the Ohio Department of
Taxation and the U.S. Bureau of Economic Analysis.
Data:
- The Dataset Below Reports Sales Tax Revenue Collections The Sales Tax Rate U S Real Gdp And A Binary Variable Indica 1 (31.2 KiB) Viewed 28 times
Fiscal Year Recession Years (1=Yes,O=No) 0 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 Ohio Sales Tax Rate (percent) 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.92 6.00 0 0 0 1 0 0 Մ ՄԴ 0 0 2006 5.54 0 2007 Ohio Sales Tax Revenue (in millions) $ 4,978.6 $ 5,219.7 $ 5,531.2 $ 5,825.1 $ 6,212.0 $ 6,235.0 $ 6,343.5 $ 6,701.4 $ 7,834.7 $ 8,131.3 $ 7,673.0 $ 7,730.6 $ 7,865.7 7,325.2 $ 7,253.5 $ 7,767.7 $ 8,272.7 $ 8,625.4 $ 9,344.6 $ 10,147.6 $ 10,537.3 $ 10,806.3 $ 10,343.0 $ 10,777.3 $ 10,685.8 5.50 0 U.S. Real GDP (in billions) $ 10,804.70 $ 11,266.48 $ 11,776.38 $ 12,320.15 $ 12,906.25 $ 13,240.40 $ 13,350.23 $ 13,620.73 $ 14,170.33 $ 14,671.58 $ 15,152.10 $ 15,464.68 $ 15,713.10 $ 15,321.25 $ 15,379.43 $ 15,740.13 $ 16,038.25 $ 16,311.50 $ 16,663.33 $ 17,229.68 $ 17,570.40 $ 17,918.00 $ 18,432.48 $ 18,884.30 $ 18,677.25 5.50 1 2008 2009 $ 5.50 1 5.50 0 5.50 0 2010 2011 2012 2013 2014 0 0 5.50 5.50 5.67 5.75 0 2015 0 2016 2017 2018 5.75 5.75 5.75 0 0 0 O 2019 2020 5.75 5.75 1