The January sales tax collections data came out recently and I want to take a longer view of the data here. This typically means messier graphs because the time scale gets compressed. I will put up a post with a shorter timeline tomorrow. Why the longer timeline? I think it is necessary if we are going to try and interpret or understand the numbers we are currently seeing.
One of the most interesting stories of the aftermath of the tax legislation is the race to pay property taxes this year in many states so they still qualify for deductions. Clearly this is a big issue for those living in high tax states. The images are amazing when you think about it. When was the last time you saw a line of people to pay their taxes well before the due date?
The state of debate in the country regarding taxes being what it is I thought I would make a few posts on the topic over the next few days. There are many issues with the legislation being discussed (intentionally not using the word debated right now). The issues and implications for North Dakota will need to wait for another post, but it will be forthcoming.
The only difference between death and taxes is that death doesn’t get worse every time Congress meets.
Blogging can get back to a semi-regular thing for a while now. I had two presentations taking most of my time these last couple of weeks. I will present some economic analysis ideas to a group of Veteran Entrepreneurs later this month so I had to get worksheets and such ready for them. Next week I will be presenting at the Minneapolis Federal Reserve bank so I had to get that done as well. That and department chair duties is enough to keep anybody busy.