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Steven Hansen
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Steven Hansen is an international business and industrial consultant specializing in turning around troubled business units; consults to governments to optimize process flows; and provides economic indicator analysis based on unadjusted data and process limitations.
My company:
Econintersect LLC
My blog:
Global Economic Intersect
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  • SoCalNative
    , contributor
    Comments (429) | Send Message
     
    Thanks for the article and mega links! I thought BHO was pushing for increasing the minimum wage?
    2 Mar 2013, 10:49 AM Reply Like
  • John Lounsbury
    , contributor
    Comments (3971) | Send Message
     
    @SoCalNative:

     

    He is. The reason? To increase FICA receipts. (Sarcasm.)

     

    BTW, the increase in FICA by 2% on 01 January accounts for half of the 4% plus decline in personal income.

     

    A bigger mystery to me is the 4% + spike up at the end of 2012. Perhaps someone can suggest where that came from?
    2 Mar 2013, 03:57 PM Reply Like
  • dancing diva
    , contributor
    Comments (2426) | Send Message
     
    Profits from selling stocks/real estate ahead of the unknown capital gains tax increases for 2013? Special dividends?
    2 Mar 2013, 11:46 PM Reply Like
  • Steven Hansen
    , contributor
    Comments (2236) | Send Message
     
    Author’s reply » i am repeating the lies of the talking heads - but it was dividends and bonuses. (i am unsure how "special" they were).
    3 Mar 2013, 09:07 AM Reply Like
  • Freedoms Truth
    , contributor
    Comments (833) | Send Message
     
    "A bigger mystery to me is the 4% + spike up at the end of 2012. Perhaps someone can suggest where that came from? "
    Not a mystery at all. Tax avoidance of the endofyear tax increases pushed a lot of income, including dividends, from 2013 forward to 2012.
    31 Mar 2013, 08:51 PM Reply Like
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