Personal Income Cooled in January
Income softened in January, driven by a sharp dive in both dividend and proprietors’ income that reverted an outsize jump in December income......»»
U.S. consumer spending, factory data point to weak first quarter GDP growth
U.S. personal income fell for the first time in more than three years in January and consumer spending dropped by the most since 2009 in December, putting the economy on a weak growth path early in the first quarter......»»
U.S. personal income falls; spending weakest since 2009
U.S. personal income fell for the first time in more than three years in January as dividends and interest payments dropped, pointing to moderate growth in consumer spending after it fell by the most since 2009 in December......»»
Arizona flat tax proponents point to survey showing residents" support
As Arizona lawmakers are considering a flat tax proposal, a new survey from a statewide advocacy group in support of the measure shows that most Arizonans want to see a reduction in the personal income tax rate......»»
US stocks tumble as downbeat overseas data dampen global growth prospects
A jump in personal income for Americans couldn't push up US stocks Friday. All three indexes ended the session lower. .....»»
Americans" personal income shot up 21.1% in March, a record dating back to at least 1946
"Incomes soared as a result of the stimulus payments made under the March relief bill," said one economist about March's record personal income jump. Passers-.....»»
March personal income up 21.1% vs. last month, consensus 20.3%
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Stimmies Spark Record Surge In Personal Incomes In March, Spending Spikes
Stimmies Spark Record Surge In Personal Incomes In March, Spending Spikes After February's MoM collapse in income (no stimmies) and drop in spending, analysts expected March's income and spending data to rebound massively as more government h.....»»
JPMorgan says it"s time for US corporate taxes to catch back up with the rest of the world
The bank finds the US more reliant on tax revenue from personal income and property, while Biden is "sick and tired of ordinary people being fleeced." venue Presidents Joe Biden (L) and Donald Trump (R). Salwan .....»»
February Personal income down 7.1%, consensus down 7.2%
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Wealthy should consider residency audits before moving to Texas, advisers say
High-wealth individuals considering a move to Texas — one of nine states with no personal income tax — should consider many factors including property taxes and residency audits, before moving to Texas......»»
Personal Finance Daily: What to do if your income is just over the threshold for the $1,400 stimulus check and how the ‘nationalization of leases’ could hurt renters amid the pandemic
Tuesday's Personal Finance Stories......»»
"U.S. Excess Savings Will Be A Massive Economic Boost From 2Q"
"U.S. Excess Savings Will Be A Massive Economic Boost From 2Q" Submitted by Christophe Barraud U.S. personal incomes soared in January as Americans received another batch of pandemic-relief checks, resulting in a spike .....»»
Personal Finance Daily: People can’t file their income taxes fast enough and COVID-19 has put ‘financially vulnerable’ Americans on even shakier footing
Friday’s Personal Finance Stories......»»
27% Of All Household Income In The US Now Comes From The Government
27% Of All Household Income In The US Now Comes From The Government Following today's release of the latest Personal Income and Spending data, Wall Street was predictably focused on th.....»»
The Moneyist: My father is trustee of my late mother’s estate. He is marrying again, and won’t distribute our inheritance
‘He and his new wife have already traveled to France together, and apparently intend to live it up on his personal trust and their combined income.’.....»»
Alexandria Ocasio-Cortez tweeted a step-by-step guide for asking members of Congress to support student loan forgiveness
The lawmaker encouraged her followers to share personal stories about how student loan debt has impacted them. Rep. Alexandria Ocasio-Cortez (D-NY) attending a vote on January 9, 2020. Al.....»»
Market Extra: Bond markets have ‘never been so sensitive’ to a Treasury yield surge
The sharp rise in long-term bond yields since January is sparking jitters on Wall Street, as fixed-income markets increasingly become vulnerable to a surge in interest rates......»»
Wolf proposes increases in Pennsylvania income tax rate, education funding
Gov. Tom Wolf on Tuesday unveiled a proposal to raise the state's personal income tax from 3.07% to 4.49% while at the same time expanding the number of Pennsylvanians in lower and middle income brackets that would qualify for tax cuts and increas.....»»
Why former Wells Fargo CEO Dick Kovacevich is following the U-Haul index to see where California"s exodus is going
“It’s California’s high personal income tax rate that’s fueling the exodus," the former CEO said......»»
Amerant Bancorp Earnings Preview
On Friday, January 29, Amerant Bancorp (NASDAQ:AMTB) will report its last quarter's earnings. Here is Benzinga's preview of the company's release. Net Income, Earni.....»»