tag:blogger.com,1999:blog-6616959642391988608.post7474054073143312152..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Good news: income tax receipts are boomingScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6616959642391988608.post-82151066131940770422011-12-09T10:10:01.758-08:002011-12-09T10:10:01.758-08:00Incomes of employed folks are rising while the une...Incomes of employed folks are rising while the unemployed remain locked out of the market.<br /><br />This is consistent with the low levels of unemployment for people with university degrees (about 2%).<br /><br />Issue is white guys with high school educations. But since the top 50% of the population paid 97% of all income taxes prior to the recession anyway, the high rates of unemployment Strategic Investorhttps://www.blogger.com/profile/06847403858456772158noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-57926732168671684542011-12-08T06:53:19.752-08:002011-12-08T06:53:19.752-08:00Income are rising?
http://www.bea.gov/newsrelease...Income are rising?<br /><br />http://www.bea.gov/newsreleases/regional/spi/spi_newsrelease.htmHanshttps://www.blogger.com/profile/05183141792723754273noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88507057063036776012011-12-07T14:54:31.557-08:002011-12-07T14:54:31.557-08:00I would venture two guesses (I haven't looked ...I would venture two guesses (I haven't looked at the data however): 1) although corporate profits are at astronomical levels, the growth rate of profits has slowed down, and 2) for the past year social security withholding rates have been slashed in order, supposedly, to stimulate the economy. I note that social security taxes in recent years have been almost as large as income taxes.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-66166655924379201922011-12-07T14:34:51.494-08:002011-12-07T14:34:51.494-08:00Scoot - What is the explanation for Total Federal ...Scoot - What is the explanation for Total Federal Revenue not climbing at the same increasing rate (22%) that the income tax is increasing? The blue line appears to be flattening relative to the red line.Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.com