Search
 

Deposit Balances, Personal Tax Share Link

It appears that when personal tax as a percentage of personal income goes down, deposit balances go up and vice versa, according to Market Rates Insight.

By Michelle A. Samaad | Updated on October 25, 2010

It appears that when personal tax as a percentage of personal income goes down, deposit balances go up and vice versa, according to Market Rates Insight.

The research firm found with the enactment of the Economic Growth and Tax Relief Reconciliation Act in June of 2001, personal tax decreased from 14.76% to 9.23% in August, a decrease of 5.53% according to data from the U.S. Bureau of Economic Analysis. During the June 2001 to August time period, deposit balances increased from $4.3 billion to $7.6 billion, according to data from the FDIC and MRI.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2025 ALM Global, LLC. All Rights Reserved.