Showing posts with label Personal Income. Show all posts
Showing posts with label Personal Income. Show all posts
Sunday, April 21, 2024

Democrat media are not covering this story: If re-elected Joe Biden promises to let Trump 2017 tax cuts expire

›
 President Biden vowed Friday that  former President Donald Trump’s 2017 tax cuts  would lapse next year if he’s re-elected and “stay expire...
Friday, May 4, 2018

The crisis in growth of personal income since 2007 shows why it feels like a depression

›
The 13.9% growth of personal income between 2007 and 2017 is the worst since the Great Depression and is 60% off the average growth rate o...
Thursday, December 7, 2017

Sum Ting Wong: Low top marginal tax rates since 1986 have NOT delivered

›
Low top marginal tax rates have NOT delivered since 1986. The average top marginal rate has been 38% for the last thirty years, 49...
Saturday, November 4, 2017

How to tax the rich and only the rich as originally intended in 1913, and solve a lot of problems

›
In 1913 when the average Joe made about $800 a year, the first income tax under the 16th Amendment didn't worry him because he didn...
Friday, November 3, 2017

Republican elimination of personal exemptions gives me an idea for truly revolutionary tax reform

›
In 1913 when the income tax began there was no such thing as the standard deduction. That didn't come along until 1944. The origin...
Friday, January 23, 2015

Oh the horror: Did you know the personal saving rate INCLUDES IRA and 401(k) contributions?

›
The annual average of the rate is shown. Then how come the personal saving rate has been in steady decline since 1974 when IRAs were f...
Tuesday, December 30, 2014

Norway whacks GDP projection by over 50% amidst plunging oil prices

›
Seen here : According to Statistics Norway, lower investment in the oil sector, Norway's primary growth engine, will likely slow...
Monday, February 4, 2013

A Rationale For Ending The Tax On Corporate Profits

›
John Steele Gordon provides a helpful survey of the history of American taxation, here , including the chronically avoided topic of how the ...
Saturday, December 22, 2012

Real Personal Income Still Remains Below The 2008 Peak

›
Real personal disposable income per capita remains in depression, over 5% lower than it was on May 1, 2008, the all-time high, when it reach...
Wednesday, December 19, 2012

Tax Equality Would Expose The True Horror Of Federal Spending

›
The true horror of federal spending in America would be understood by everyone if we actually had tax equality, by which I mean if everyone ...

Rush Limbaugh Repeats The Rich Man's Lies: Middle Class Has "Bulk Of The Money"

›
Here : Where this is all going to end up, I'm pretty sure -- we'll see if I'm right; won't be too long, maximum next year so...
Monday, October 15, 2012

Capital Gains Income Averaged $497 Billion Annually 2000-2009

›
From a story in June by the Tax Foundation,  here , on volatility in the sources of personal income. Taxed at 15%, average capital gains inc...
Sunday, October 14, 2012

The Depression In Real Disposable Income: We're Stuck At 2006 Level

›
The most recent observation of inflation-adjusted disposable personal income per capita shows that we're still at the level reached nea...
Sunday, April 15, 2012

Over 2 Years After the Depression, US States Still Collect Less Than Peak Revenue

›
CNBC.com has the details here : [T]he Rockefeller Institute of Government noted on Friday that overall tax collections were still 2.1 percen...
Tuesday, February 14, 2012

Consumption is in Decline, Frugality is in the Ascendant

›
As reported here : Legendary Swiss investor Felix Zulauf believes that the current rally in risk assets is likely to last until at least the...
Sunday, November 6, 2011

The Broadest Tax Base Which Can Possibly Be Imagined Implies a Tax Rate of 6.2%

›
Herman Cain's 999 Plan is focusing attention on the perennially perplexing problem of taxation for the American electorate in 2012. His ...
Thursday, October 13, 2011

Weekly Standard: Income Growth Has Slowed and Gone Negative in August?

›
See the figures, especially in Table 1  here , at the Bureau of Economic Analysis. After reaching a peak in July, August personal income fel...
Friday, September 30, 2011

Herman Cain Comes Closest to a True Flat Tax

›
So says Stephen Moore for The Wall Street Journal, here , pointing out that FICA taxes do go in the shredder under Cain's 999 plan: But ...
Thursday, August 25, 2011

Unprecedented Weakness in Consumer Spending Growth in Post WWII Period

›
So says Stephen Roach of Yale, here , who can't call this is a depression evidently because such anemic growth is, afterall, growth. He ...
Wednesday, April 27, 2011

Government Aid Swells to 18.3 Percent of Income in 2010

›
Dennis Cauchon reports for USA Today, here : A record 18.3% of the nation's total personal income was a payment from the government for ...