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Dec 31, 2022 · While many presidential candidates since Richard Nixon have released their tax returns, Mr Trump did not do so. That year, the future president had a net loss of $31,736,841 and claimed a total of ...
- Summary
- Analysis
- Jobs and Unemployment
- Economic Growth
- Income and Poverty
- Regulations
- Crime
- Guns
- Border Security
- Corporate Profits
The statistics for the entirety of Donald Trump’s time in office are nearly all compiled. As we did for his predecessor four years ago, we present a final look at the numbers. 1. The economy lost 2.9 million jobs. The unemployment rate increased by 1.6 percentage points to 6.3%. 2. Paychecks grew faster than inflation. Average weekly earnings for a...
In the fall of 2020, we published a preelection update to our quarterly “Trump’s Numbers” series, and on President Joe Biden’s inauguration, we examined several statistical indicators on what he inherited. But as we noted then, the books weren’t yet closed on the Trump presidency. It takes several months for some of the data to be finalized. While ...
As a candidate, Trump proclaimed: “I am going to be the greatest jobs president that God ever created.” As president, Trump saw 100 months of continuous U.S. monthly job gains end in February 2019 as the economy slowed. In 2020, job growth collapsed entirely when COVID-19 went from being a localized problem in Wuhan, China, to a global pandemic. Em...
Even before the COVID-19 pandemic, the U.S. economy began slowing down. Thereal (inflation-adjusted) gross domestic product went up in Trump’s first two years, peaking at an estimated 2.9% in 2018 — the highest since 2005. But the economy grew only 2.3% in 2019and the bottom fell out in 2020. The real GDP declined 3.4% in 2020 from the previous yea...
Household Income— Household income rose briskly under Trump before declining last year due to the pandemic. The Census Bureau’s latest report on “Income and Poverty in the United States,” which was released Sept. 14, showed that median household income reached$67,521 in 2020— a 2.9% decrease from2019 but an increase of $3,838 from 2016 when adjuste...
The growth of federal regulation slowed to a crawl under Trump. The number of restrictive words and phrases (such as “shall,” “prohibited” or “may not”) contained in theCode of Federal Regulationsstayed below 1.08 million for most of 2019— a little below where it was when Trump took office. But as of the day he left office,the count had crept up to...
Murders and aggravated assaults shot up dramatically under Trump, while most other types of crime declined. In his inaugural address, Trump darklyportrayed America as a country mired in poverty, drugs and crime. “This American carnage stops right here and stops right now,” he promised. But quite the contrary, the FBI’s annualCrime in the United Sta...
Sales and production of guns slowed during Trump’s presidency — until COVID-19 concerns and protestsagainst policing triggered huge spikes last year. Handgun Production — In 2020, the annual production of pistols and revolvers in the U.S. set a new record of 6.3 million, according to interim figures from the Bureau of Alcohol, Tobacco, Firearms and...
Illegal border crossings, as measured by apprehensions at the Southwest border, were 14.7% higher in Trump’s final year in office compared with the last full year before he was sworn in. That’s how we’ve been calculating this statistic going back to our “Numbers” articles for Obama. Although Trump boastedduring a speech in Alamo, Texas, just a week...
After-taxcorporate profitsset new records in the first two years of Trump’s presidency — but declined slightly in 2019 and fell further still in 2020, when the pandemic forced businesses to close, some permanently. Still, after-tax corporate profits were higher when Trump left office than when he arrived. Corporate profits hita record $1.98 trillio...
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Jan 4, 2023 · The first $11,000 of your taxable dollars will be taxed at 10% in the 2023 tax year if you’re a single filer, then your income from $11,001 through $44,725 would be taxed at the rate of 12%. Only the last remaining $5,275 would be taxed at 22%, which is your marginal rate.
- Beverly Bird
Feb 19, 2014 · The federal government expanded dramatically in the 20th century and has continued growing in the 21st. Between 1900 and 2012, federal government receipts increased from 3.0 percent of the economy’s output to 16.5 percent, and federal expenditures rose from 2.7 percent of economic output to 24.0 percent. State and local governments have also expanded relative […]
Dec 30, 2022 · The returns show that in the 2020 tax year, Donald and Melania Trump reported $78 million in gross income from 16 foreign countries — including the United Kingdom, Canada, Ireland and St....
Oct 2, 2023 · The increase will bring sales tax above 8% in most of the metro area. The cities with the highest sales taxes — including Minneapolis and Edina — will have rates above 9%. In St. Paul, sales taxes could further increase if voters approve a 1% increase to support park and street maintenance in November.
Nov 10, 2023 · For tax year 2024, each of the seven rates will apply to the following new income tax brackets: 10%: Income up to $11,600 ($23,200 for married couples filing jointly) 12%: Income over $11,600 ...
