Inequality – Income Mobility Across Generations

Inequality – Income Mobility Across Generations In the United States, it takes five generations for individuals born in low-income families to reach the mean income in society. In Danemark, it takes “only” two generations. Image: Deutsche Bank Global Research

U.S. Corporate Income Tax Rate

U.S. Corporate Income Tax Rate Thanks to Trump’s tax cuts, the median S&P500 company effective tax rate is 19%. Image: Goldman Sachs Global Investment Research

Lower Incomes Paid the Highest Price

Lower Incomes Paid the Highest Price Low-income groups are slowly recovering after the financial crisis. Inequality: you may also like “U.S. Net Worth by Wealth Bracket.” Image: Deutsche Bank Global Research

Income Shares of the Top 1% in Various Countries

Income Shares of the Top 1% in Various Countries The richest 1% of Americans take 20% of national income, but the richest 1% of the Dutch people only 6%. Denmark and the Netherlands are the countries that are the most equal. Image: World Economic Forum

Smoothed U.S. Recession Probabilities

Smoothed U.S. Recession Probabilities Currently, the probability of recession is 2.76%. When this recession indicator exceeds 5% (red line), history tells us that the probability of recession increases significantly. The chart shows the smoothed U.S. recession probabilities indicator on a log scale. Smoothed U.S. recession probabilities are obtained from a dynamic-factor markov-switching model applied to…

Where Do State Tax Revenues Come From?

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