Locator: 45931ECON.
1Q23 GDP growth and personal income growth by state.
Personal income: Nebraska, 11.1, beat North Dakota, 11.0, because Warren Buffett resides in Omaha, NE.
FRED: link here.
Back-of-the envelope:
- 4Q22 - 1Q23: 12.4% growth:
- $73,267 per capita, 2022
- 1.124 * 73267 = 82,352
- 1Q20e = 59199
- (82,352-59199)/59199 = 39.1% growth (1Q20 - 1Q23)
GDP per capita, link here.
Construction spending per capita:
- North Dakota: at about $2,600 per capita trends toward 3X that of California;
- California: at about $1,100 per capita
- based on most recent data easily available to an armchair blogger.
- Texas? About $1,333 using same sources.
- Michigan, where the cars are made? About $800 per capita.
- no links. I'll let folks use their own sources.
With numbers like these, I have no idea why North Dakota still has a state income tax. Texas has not state income tax, just saying.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.