Today's topics include the Fed's latest facility to help the small business loan program, the market's crazy swings, more on share buybacks, the effect of Fed purchases, 73% in U.S. affected by reduced income, the rise of fallen angels, a history of yield curve control, and how long until dividends return to pre-COVID levels?
A replay of our April 7, 2020 conference call
Something extraordinary is happening in the Treasury market and few really seem to understand it. The Fed bought $1 trillion of bonds in the last three weeks and bond yields have barely budged. Why?
Earnings season starts next week. Analysts downgraded their estimates again last week, but they still think this is "just another bad quarter" and expect earnings to rebound and show a profit by year-end.
Today's topics include betting on the Fed, freeing up money by easing capital requirements, share buybacks, regulatory constraints on small business loan program, timing the economic loss and potential recovery, the growth in the Fed's balance sheet, a cost benefit analysis on layoffs, mortgage backed securities, not all target date funds are the same, and the OPEC crude oil conflict continues.
A historical look at the highest and lowest tax brackets since 1913
How have the different forms of taxes funded the U.S. government throughout the years?
The highest earners may pay income tax rates that are almost double that of the average American, but the largest chunk of income tax revenue collected by the IRS comes from households earning between $100K and $200K.
The average taxpayer in the U.S. paid 14.01% on their adjusted gross income between 2001 and 2016.
Roughly one-third of U.S. citizens have no income tax liability.