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Showing posts with label Financial Infographic. Show all posts
Showing posts with label Financial Infographic. Show all posts

July 8, 2011

May 14, 2011

Global Salary and Taxes: Infographic

DEATH and taxes, it is said, are the only two certainties in life. One half of that thesis is proved at least by a new report released on May 11th by the OECD. The report splits out the tax burden on employment which is paid by employers (in the form of social-security payments) and employees (as income tax and more social security). France and Germany have some of the most costly tax regimes—with people who earn the average wage taking home just over 50% of their total labour cost. The effect of fiscal austerity, particularly across Europe, has meant that the tax burden rose in 22 out of the 34 countries in the OECD from 2009 to 2010. Meanwhile real incomes for average-wages earners fell in 15 OECD countries. As the second chart shows, these reduced earnings caused by the world recession and subsequent inflation tend to have a much larger impact on incomes.

March 12, 2011

Infographic On Wall Street Bonus : Facts Vs Fiction










 More than 70 percent of Americans say big bonuses should be banned this year at Wall Street firms that took taxpayer bailouts, a Bloomberg National Poll shows.
 
An additional one in six favors slapping a 50 percent tax on bonuses exceeding $400,000. Just 7 percent of U.S. adults say bonuses are an appropriate incentive reflecting Wall Street’s return to financial health.

A large majority also want to tax Wall Street profits to reduce the federal budget deficit. A levy on financial services firms is the top choice among more than a dozen deficit-cutting options presented to respondents.

With U.S. unemployment at 9.8 percent, resentment of bonuses and banking profits unites Americans across political, gender, age and income groups. Among Republicans, who generally are skeptical of business regulation, 76 percent support a government ban on big bonuses to bailout recipients, that’s higher than backing among Democrats or independents.

JPMorgan Chase & Co. Chairman and Chief Executive Officer Jamie Dimon got a bonus package for 2009 valued at $17 million and Goldman Sachs Group Inc.’s Chairman and CEO Lloyd Blankfein received a $9 million all-stock bonus for last year, down from his Wall Street record $67.9 million in 2007.

“The American people bailed them out and immediately they went and paid their employees very large bonuses,” says poll respondent Michael Robertson, 43, of Wayne, Michigan. “I don’t believe they should have a bonus at all for a while.

The state comptroller of New York reckons that Wall Street firms paid $20.8 billion in cash bonuses to their employees in the state in 2010. This was 8% lower than the total for 2009, and just 61% of the sum paid in 2006, when bonuses peaked at $34.3 billion. The decline reflects a shift toward deferred compensation and higher base salaries rather than lower profits. Total profits of $27.6 billion made 2010 Wall Street’s most profitable year with the exception of 2009, when it benefited from bail-out money and low interest rates. The average bonus paid on Wall Street nearly doubled between 2003 and 2006, when it peaked at $191,360. At $128,530, the average payment last year exceeded that in any year between 1985 and 2004.

March 8, 2011

February 26, 2011

Good at Infographics: Get paid $5000 by Google

Masable reports that "Google is offering a top prize of $5,000 for its Data Viz Challenge, a contest to see who can offer the best visualization of data about where your tax money goes. The contest, announced on Google’s Official Blog today, is based on a website called whatwepayfor.com, which was created by a couple of developers: Andrew Johnson and Lewis Garcia.

Impressed with the pair’s site, Google engineers came up with their own “interactive data visualization” or infographic:

But the company acknowledges that its infographic has its limitations. So, Google has teamed up with not-for-profit art and technology center Eyebeam for the challenge. To make things easier, Johnson and Garcia have built an API to let any potential developer access the data.
Those interested can enter the challenge at the site referenced above. The contest starts today and ends on March 27. The winner will be announced on April 18, aka Tax Day.

Though Google isn’t a company that many people associate with promotions and contests, this is the second such contest this month from the search giant. Earlier this month, Google used a similar promotion to publicize its wedding-planning site.

February 25, 2011

US Consumers Spending : Trends and Insights

Each month, the Bureau of Labor Statistics gathers 84,000 prices in about 200 categories — like gasoline, bananas, dresses and garbage collection — to form the Consumer Price Index, one measure of inflation. It’s among the statistics that the Federal Reserve considered when it cut interest rates on Wednesday. The categories are weighted according to an estimate of what the average American spends, as shown below.

Source : Nytimes





An Average Consumer's Spending


Each shape below represents how much the average American spends in different categories.

Larger shapes make up a larger part of spendin


The average consumer has a budget that is split into a large number of monthly and yearly spending. The average consumer spends $49,638 a year on a range of necessary and desired expenditures. These expenditures come out of an annual household income of $63,091 per year on average, before taxes. The average consumer owns 1.9 vehicles, and 67 percent of them are homeowners with loans. Households average 2.5 people and 1.3 earners reside in each.

wheredidthemoneygo
The largest expenditure of the average household is housing. This takes up an average 34.1 percent of the yearly budget of households.

The second largest expenditure for the average consumer is transportation. The cost of vehicles purchased is an average of $3,244 per year, making it 6.5 percent of the average budget.

Another large expenditure is healthcare. The average consumer spends $2,853 on healthcare each year. Another physical necessity, food, costs consumers an average of $6,133 per year. An average of $3,465 of that is spent on food that is consumed at home, and $2,668 of it is spent on food consumed away from home. Combines, the money spent on food is 12.4 percent of the entire yearly household budget.

Insurance and pensions are important financial considerations and they cost the average consumer $5,336 per year. This is a total of 10.8 percent of the annual budget. $5,027 f this, 10.1 percent of the yearly budget, is spent on social security and pension contributions. In addition, the average consumer pays an average of $309 each year, making up 0.6 of the annual budget.

Source :Visual Economics:


February 9, 2011