Fiscal Intelligence

Fiscal analysis that enables educators, small business owners, and community organizers to make informed decisions.

Month: January, 2015

Who Pays?

“The lower one’s income, the higher one’s overall effective state and local tax rate. Combining all state and local income, property, sales and excise taxes that Americans pay, the nationwide average effective state and local tax rates by income group are 10.9 percent for the poorest 20 percent of individuals and families, 9.4 percent for the middle 20 percent and 5.4 percent for the top 1 percent.”

Because Carmen Farina Says So by Robert Pondiscio, City Journal 14 January 2015

Because Carmen Farina Says So by Robert Pondiscio, City Journal 14 January 2015.

Of Interest at the Fed by Nicole Gelinas, City Journal Winter 2015

“But did the Fed’s approach spare Americans a harsh reckoning, or only delay it? Even after more than $1 trillion in defaults and repayments, Americans still hold twice as much housing debt as they did in 2000. If mortgage debt had merely stayed in line with the growth in other prices instead of outpacing inflation, we’d owe a collective $6.6 trillion today on our houses, not $9.4 trillion. And what happens when mortgage rates rise, or when house prices stagnate or even fall again? We could end up where we were six years ago—with borrowers and lenders alike realizing that they can’t repay their debts.”

Of Interest at the Fed by Nicole Gelinas, City Journal Winter 2015.

MINIMUM WAGE INCREASES

http://nyti.ms/1vvHRXf