Real Disposable Income Per Capita: The Year-End Strategy in Spades
From dshort.com - Advisor Perspectives January 31, 2013 - 2:43pm
Jan 31, 2013 Doug Short Earlier this morning I posted my latest Big Four update featuring Real Personal Income Less Transfer Payments. Now let's take a closer look at a different calculation of incomes: "Real" Disposable Income Per Capita. The November and December data show a strong reversal of the contractionary pattern in the previous months. Unfortunately, the numbers for both months, and especially December, are heavily skewed by year-end tax planning strategies in advance of the expected expiration of the Bush tax cuts. In this morning's Personal Income And Outlays report, the BEA explains:More...
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