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Site title: David O'Rear's East Asia Politics & Economics Blog – Occasional comments on the contemporary and historical
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Over the past 75 years, federal government tax receipts have increased by +6.3% a year. Of that, personal income taxes increased by +7.0% p.a., but only +6.6% after accounting for refunds.
State and local receipts of individual income taxes rose by +9.3% during the same period, while other revenues (motor vehicles license...
The first quarter 2026 economic growth rate was a surprisingly robust +2.0% quarter-to-quarter annualized, or +2.7% year-on-year both are real, inflation adjusted measures). The quarterly figure was up from +0.5% in October-December 2025, and -0.6% a year earlier.
Real disposable personal income rose +0.7% in Januar...