Tuesday, March 13, 2018

The Tax Cut, Real-World Effects

Bank of America was kind enough to provide a real-world look at the effects of the Trump tax cut.

...Well, as BofA's "chart of the month" below shows, there was a whopping 2.0% increase in the y-o-y pace of after-tax wages and salaries growth - rising over 5% - and was roughly 2x higher than what the BLS reported for that month....

The deposits grew by about 2%, meaning that the year-over-year increase in after-tax consumer cash flow is about 5% total.

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