Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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The best summary of the state of our economy is the graph (below) of employment as a fraction of population for people over 16 years old. The decrease is large, but the most troubling feature of the graph is the flat trend .

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Graph-of-the-Year Candidates

Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?

Brad DeLong favors the U.S. gdp gap.

Remember M1?

Money Supply M1 growth is now over 20% per year over a 12 month lag. M1 growth has touched 20% before, but not with excess reserves of $1.6 trillion. Where is M1 headed?

Click on the chart for a larger version.


The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.

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Tax Foundation

October 21, 2016, 1:03 pm, 1685669

Today is October 21, the date in 1942 when the Revenue Act of 1942 was passed, making the federal income tax a broad-based tax for the first time. Personal exemptions were reduced from $1,500 per couple to $1,200 per couple and the lowest tax rate rose from 10 ...

October 20, 2016, 5:03 pm, 1685405

There are big tax increases, and then there’s Colorado Amendment 69. It’s “double the budget” big, and it’s on the ballot on November 8th.

The Amendment, which would establish a single-state public option health care system called ColoradoCare, would levy a new 10 percent payroll and income tax on ...

October 20, 2016, 3:03 pm, 1685359

California voters will decide a number of statewide tax-related ballot initiatives, but most voters will also decide local tax-related ballot initiatives. Below are some highlights.

Los Angeles County Measure M: Transportation Sales Tax

Measure M would raise the sales tax by a half-cent and make permanent an existing half-cent sales tax ...

October 20, 2016, 1:03 pm, 1685310

“Here’s a guy who, when he runs, he moves faster” – John Madden.

The former Raiders coach and football commentator was a master of saying the obvious, but sometimes it’s necessary to say the obvious. For instance: taxpayer subsidization of stadium projects is in the best interest of stadium and ...

October 20, 2016, 1:03 pm, 1685309

Today is October 20, the date in 1951 that the Revenue Act of 1951 was enacted, raising income, corporate, and excise tax rates temporarily to help pay for the Korean War.

Here are some interesting links I came across:

Clinton and Trump Spar in Last Debate: Other topics took the ...

October 19, 2016, 5:03 pm, 1685047

Voters in the city of Olympia, Washington, will decide whether to impose an income tax on themselves, at a rate of 1.5 percent on income above $200,000, although you’d hardly know it from the ballot language.

Initiative 1 is listed on the ballot as “establishing and funding a college ...

October 19, 2016, 3:03 pm, 1685005

Today is October 19, the 59th birthday of Grover Norquist of Americans for Tax Reform (ATR), a group he founded in 1985 that promotes the Taxpayer Protection Pledge opposing all tax increases.

Here are some interesting links I came across:

Europe to Pursue Unified Corporate Tax System: Politico ...

October 19, 2016, 3:03 pm, 1685004

This November, three California cities and Boulder, Colorado are set to vote on ballot initiatives that would impose hefty local excise taxes on soda and other sugar-sweetened beverages. My colleague Morgan Scarboro and I have an op-ed in U.S. News & World Report today about how these proposals ...

October 19, 2016, 11:03 am, 1684914

Both Hillary Clinton and Donald Trump have released tax plans during the campaign. The Tax Foundation has analyzed both the plans using our Taxes and Growth (TAG) model to estimate how their plans would impact taxpayers, federal revenues, and economic growth. Below, is a chart that contains all you ...

October 18, 2016, 5:03 pm, 1684708

At this point, most people that pay attention to tax policy are familiar with how Hillary Clinton’s and Donald Trump’s plans would work and their implications. However, I think it would be useful to take a step back and review the plans and what we at the Tax Foundation ...