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April 21, 2014
COMMENTARY – by Michael J. Hicks, Ph.D.
As with any value determination, the price (or tax rate) is only half the story.
With the passing of April 15th and the annual ritual of tax filings, news pages are filled with discussion about the size of federal, state and local tax burdens. This is ripe discussion at home as well. The Hicks household paid 16.3 percent of earnings in federal tax and 4.1 in state and local income tax. Of course, that doesn't count property and sales taxes or Social Security and Medicare taxes that comprise more than 10 percent of our income.
Read the full text: Taxes and Government Value
Last week's commentary: Measuring the Unmeasurable
The second quarter Business Roundtable meeting will be Wednesday, May 7, 2014, at the Ball State Alumni Center. Registration details will be sent out soon.
For questions in the interim, please contact firstname.lastname@example.org.
DID YOU KNOW? – by Dagney Faulk, Ph.D.
The Bureau of Labor Statistics released March labor market data for states last week. The Indiana unemployment rate decreased to 5.9 percent (seasonally adjusted), which is a full two percentage points lower than a year ago. Over the past year, Indiana's labor force increase by almost 30,000 people, and employment increased by over 92,000. Both of these indicators are approaching prerecession levels.
Data by state: http://indicators.cberdata.org/datasets/view/9
ECONOMIC INDICATORS – View all economic indicators (CBER Data Center).
THURSDAY: Durable Good Orders, country
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