State of the Economy
With President Biden giving his State of the Union address yesterday, this is a good time to look at the state of the economy. Here are graphs showing where the economy has been going the ....
Category: Taxing and Spending
United States Annual Budget, Part II
The federal government spent about 6.4 trillion dollars ($6.4 T) in Fiscal Year 2022 (October 2021 to September 2022). That’s about a quarter of the United States’ 25 trillion-dollar GDP, or about $20,000 per person ....
United States Annual Budget, Part I
Some day I’d like to write an Owners’ Manual to the United States with a summary of how our country operates – things many of us know hazily but can get easily confused on the ....
Five Years of Recent History
So much has been going on lately in the news that I created a chart to keep track of all (that is: some) of it. Right before the election seemed like a good time to ....
Virginia Voters Face Clear Climate Choices in Congressional Races
The US is on the cusp of cleaning up our economy in order to avert dangerous levels of climate change, but the hour is late and what our political leaders do now is critical. As ....
Republican Representation Gap: Clean Energy Edition
1. Today It’s not surprising that large majorities of people in California, Massachusetts, and New York believe that the government should “regulate CO2 as a pollutant”. But Texas, Nebraska, Florida, and North Carolina? Over 75% ....
An American Resource: Income of the Rich
1. What is the Limit to Taxing the Rich? There has been a lot of talk lately of the government spending huge amounts of money on new programs. There is also talk that perhaps some ....
The Marginal Tax Rate Barrier
In a future post, I will estimate how much extra funds the government could receive by raising taxes on upper income brackets. One might suppose that the maximum amount available is simply the total after-tax ....