The annual U.S. defense expenditure is the largest in the world. In 2023, the U.S. spent $916 billion on defense according to a report by Peter G.Peterson Foundation quoting SIPRI data. This amount was $55 billion higher than in 2022 in part due to military aid to Ukraine in its fight against Russia. Looking at …
Continue reading ‘US Defense Spending in 2023 vs. The Next 9 Countries Combined: Chart’ »
Personal Income Tax Rates in Europe widely. In most countries the personal income tax is progressive meaning higher income earners pay higher taxes and vice versa. According to the Tax Foundation, the Top Personal Tax Rate in Europe in 2024 is in Denmark, France and Austria in that order. Click to enlarge Source: Top Personal …
Continue reading ‘The Top Personal Income Tax Rates in Europe 2024: Chart’ »
One of the topics I have discussed many before is the concept of patience and long-term investing. Holding quality stocks for many years or decades generally leads to higher returns due to the effect of compounding. Though long-term investing sounds simple it is not easy to follow for a variety of reasons. For instance, on …
Continue reading ‘One Good Reason To Stay Invested: Chart’ »
I posted the S&P/TSX Annual Returns chart late last year that had the data thru 2022. Recently AGF Investments updated the chart with the 2023 data. The chart below shows the average annual return of the Canadian equity market over the past 100 years is 7.55%. As with most other major developed markets, the number …
Continue reading ‘Canada S&P/TSX Annual Total Returns from 1920 to 2023: Chart’ »
The Tax Day for filing taxes by individuals in the US is April 15th of each year. If the date falls on a weekend or a holiday it is adjusted accordingly. The taxes for 2023 is due on the 15th of next month. With that said, I came across the below infographic from Peterson Foundation …
Continue reading ‘How the US Tax System Works: Infographic’ »