Economics Roundtable

May 2014 Payroll Employment

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

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Jobs

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.


EconModel

The Economics Roundtable is sponsored by EconModel.

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Tax Foundation


October 29, 2014, 5:03 pm, 1360082

Next Tuesday, Nevada voters will decide whether or not to give the go-ahead to the margin tax—an economically damaging tax that falls in the gross receipts tax family. Gross receipts taxes (GRTs) only exist in a handful of states across the country (and even that’s too many).

Gross receipts ...


October 29, 2014, 1:03 pm, 1359923

Tens of thousands of Hungarians rallied to protest a proposal to create a tax on internet usage in Hungary. In response to the first protest on Sunday, the Hungarian government limited its proposal.

The original proposal would create a tax on internet usage of 150 forints per gigabyte ...


October 29, 2014, 11:03 am, 1359821

In the past three decades, the importance of “pass-through” businesses has grown substantially. The combined net income of sole proprietors, LLCs, Partnerships, and S corporations has increased fivefold and now accounts for more than 50 percent of all business income. C corporations now earn less than half of all ...


October 28, 2014, 7:03 pm, 1359316

Next Tuesday, Nevada voters will decide whether or not to give the go-ahead to the margin tax—an economically damaging tax that falls in the gross receipts tax family. Gross receipts taxes (GRTs) only exist in a handful of states across the country (and even that’s too many).

Gross receipts ...


October 28, 2014, 3:03 pm, 1359170

Last month, while Treasury was rolling out new rules to clamp down on corporate inversions, the Chair of the President’s Council of Economic Advisors, Jason Furman, gave a speech at NYU titled Business Tax Reform and Economic Growth. Furman acknowledged that the U.S. corporate tax rate, at 39 ...


October 28, 2014, 11:03 am, 1359011

This morning we released our 2015 State Business Tax Climate Index, which enables business leaders, government policymakers, and taxpayers to gauge how their states' tax systems compare.

While there are many ways to show how much is collected in taxes by state governments, the Index is designed ...


October 28, 2014, 11:03 am, 1359010

I wanted to make sure you saw our new State Business Tax Climate Index, released today.

The Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare. While there are many ways to show how much is collected in taxes by state governments, the Index uses ...


October 28, 2014, 9:03 am, 1358903

Over the weekend, the New York Times reported the case of Iowa restaurant owner Carole Hinders:

For almost 40 years, Carole Hinders has dished out Mexican specialties at her modest cash-only restaurant. For just as long, she deposited the earnings at a small bank branch ...


October 27, 2014, 5:03 pm, 1358442

Inequality is a popular topic these days. President Obama has called it a “defining challenge of our time.” A French economist, Thomas Piketty, wrote a book on the topic that became a best seller. Despite all the discussion, there still isn’t a consensus on the extent ...


October 27, 2014, 3:03 pm, 1358370

The Internet Tax Freedom Act (ITFA), the moratorium on taxing internet access, was recently extended to December 11, 2014, from its initial expiration date of November 1, 2014. However, a number of important questions are left unanswered by lawmakers regarding its future.

Internet access and the internet economy—which ...