…in income taxes paid. This would put the “average” income tax for all income levels at 12.5%. The breakdown: The richest one percent of the population, who make more than…

…up the income scale. Finally, high-income people also pay a designated Medicare tax on capital income, like dividends and capital gains. For these people, it is virtually guaranteed their Medicare…

…old will be 55 in a snapshot of income in 2005. Because income tends to increase over time they make the argument that the average income data understates the income…

…I have noted before that there is room for error in the measurement of the income data). The chart illustrates annual growth of disposable personal income minus annual growth of…

A Very Erroneous Chart in the Economic Report of the President Menzie Chinn has been reading the latest Economic Report of the President and finds a very erroneous and misleading…

There are two measures of income: the spending side (Gross Domestic Product, or GDP) and the income side (Gross Domestic Income, GDI). I’d like to see what GDI is telling…

…or omissions in its 11 charts that are supposed to tell us how Covid changed the economy. Wages Starting with its second chart, the article gives us an index of…

…an average of $18,153 a year. How is that possible? A look at the far right-hand column of the consumption chart, labeled “financial flows,” shows why: those lower-income families have…

…median real income (2003$) from 1967 to 2003. Note the following data: Year Income 1967 $33,338 1979 $38,649 1993 $39,165 1999 $44,992 2003 $43,318 So median real income in 2003…

…salary accruals growth, is slowing. (GDI is the income side of the BEA’s GDP release and you can download the data here.) READ MORE AFTER THE JUMP! The chart illustrates…