Charts of the Week
Average Tax Rates as a Percent of Income
April 12, 2024
The average taxpayer in the U.S. paid 14.20% on their adjusted gross income between 2001 and 2021.
The average taxpayer in the U.S. paid 14.20% on their adjusted gross income between 2001 and 2021.
Over one-third of U.S. citizens have no income tax liability.
A look at each state's income tax as well as sales tax rates
A comparison of taxes across the globe
Some interesting charts from our recent posts
Today's topics include Timiraos throws some doubt on rate cuts, yields zoom higher, inflation puts Fed in a tough spot, the unfortunate fate of Tuesday's big SOFR trade, El-Erian argues for acceptance of a 'new' global economic paradigm, all quiet on the QT front...so far, more talk & no action on fiscal spending, changes coming for some prime money market funds, active vs. passive, and a fun AI thought experiment
Year-over-year inflation came in slightly above expectations again in March. Supercore inflation, a measure closely watched by the Fed, rose for a fifth straight month. Time is slowly running out for data that supports a Fed rate cut this year. Traders now put the odds of a June or July cut at less than 50%.
Commodities, equities, and crypto have been rallying based on economic strength in the United States and inflation remaining sticky at 3%. Higher commodity prices indicate belief in the persistence of inflation above the Fed's target.
Today's topics include record trade yesterday before CPI, measuring inflation if homeownership costs were included, Fed & ECB divergence could be cause for concern, rates & oil, government debt, private credit returns, BoJ yen intervention, and are ETF option income strategies quelling market volatility?
pic.twitter.com/HoRGe2gaWB — Judah Rhodie (@judahrhodie) April 4, 2024
Jim Bianco joins the 2024 Hedgeye Investing Summit hosted by Hedgeye Founder Keith McCullough.