Inequality – Monthly Income After Tax Minus Average Monthly Expenditures Greatest economy ever? Despite increasing wage growth and a low unemployment rate, half of the U.S. population spends more than their income. Image: Deutsche Bank Global Research
Where Do State Tax Revenues Come From? The most important category of revenue is individual income, followed by general sales. Income taxes paid by corporations rank fourth. Image: howmuch.net
S&P 500 Tax Adjusted EPS vs. Trend Interesting chart showing that S&P 500 tax adjusted earnings are well above the trend in the United States, and have historically preceded earning plunges. Image: J.P. Morgan Asset Management
S&P 500 and NIPA Corporate Profits After Tax S&P 500 rose relative to NIPA corporate profits after tax, thanks to buybacks. Image: Morgan Stanley
U.S. Total Receipts (Taxes) to GDP This chart shows the percentage share of GDP that is collected by the U.S. federal government through taxes. Image: Bianco Research
“In this World Nothing Can Be Said to Be Certain, Except Death and Taxes.” ― Benjamin Franklin Image: Hedgeye Risk Management LLC
Tariffs Are a Hidden Tax on American Consumers and Companies Tariff man is back! Keep in mind that trade war costs to consumers and companies. Tariffs are a hidden tax on American consumers and US firms. Trump’s trade war hurts the U.S. economy and stocks.
Dalio Says U.S. Two Years From Downturn as Tax Cut Benefit Fades Hedge fund manager Ray Dalio speaks with Erik Schatzker about the next downturn and the impact of tax cuts. He also discusses debt cycles and the fact that central banks should control the level of debt and take responsibility for bubbles. https://www.youtube.com/watch?v=X1xcQKIl850
No tax system will ever be perfect: Investor Ron Baron Ron Baron, CEO of Baron Capital, talks about the stock market and the taxes on the wealthy. https://www.youtube.com/watch?v=WmhuBk2PGJ8
Various S&P 500 Index 6-Month Returns Historically, U.S. stocks perform best from November to April, a period known as the best six months, driven by seasonal factors including holiday spending, year-end bonuses, tax considerations, and other market dynamics. Image: Carson Investment Research