SlideShare ist ein Scribd-Unternehmen logo
1 von 26
The ‘Fiscal Cliff’ explained in charts
 A critical review of a recent gallery of charts
           from the Washington Post

Jonathan A. Schwabish
jschwabi@yahoo.com
@jschwabish
The Set Up
For a few weeks now, the Washington
Post has posted a gallery of charts to help
explain what is meant by the ‘Fiscal Cliff’:
http://goo.gl/V46U6

Although the 7 charts are a collection of
simple bar charts, from a data
visualization perspective they leave a lot
to be desired
The Challenge
This slide deck contains my redesign of all 7
charts.
I followed 5 basic rules:
1. Use the actual data
2. Do not overly modify text or labels
3. Use a single color scheme and font
4. Only use Microsoft Excel
5. Apply good data visualization principles
Use the Actual Data
(and do not add extra data elements)

Except for Slide #6—”Sequester cuts to
the FEMA budget”—all of the data were
either available on the source websites or
in the gallery itself (for slide #6, I eyeballed the
values)
Do not overly modify text or labels
(unless absolutely necessary)

Even though some of the labels were
shorthand or incomplete, the objective of
the challenge was to improve the
visualizations, not correct syntax
Use a single color scheme and font
The gallery is a collection of charts from
multiple sources (4 appear to have been
made directly by Post staff) so the color
schemes vary as do the fonts

A single design scheme can improve the
appearance and clarity of the gallery
(I use the ‘Corbel’ throughout)
Only use Microsoft Excel

Because many people use Excel
extensively, I wanted to show that
creating quality data visualization does
not require complex software or
knowledge of programming languages
Apply good Data Visualization
Principles
My redesigns incorporate simple
strategies:
   • keep data and labels close together
   • deemphasize tick marks, gridlines,
     axes (i.e., ‘chartjunk’)
   • where possible, include data directly
     on the chart
Final Notes
Each of the redesigned charts is preceded by a
copy of the original chart, either from the
source website or as a screen shot from the
Washington Post (hence the blurriness in some
of the images)

These redesigns are a start. Please feel free to
add comments to this SlideShare page or
contact me directly with thoughts, critiques,
or suggestions
A Detailed Parenthetical
I just wanted to insert a detailed note about the first two charts from
the Tax Policy Center (TPC). In the first chart, I chose to focus on the
distributional analysis and sacrifice the imagery of the rising average
federal tax rate as incomes rise (that is, the height of the bars). I didn’t
get much of the distributional story from the original TPC
distributional chart because it was just a mess of stacks and colors. The
second chart—Average Federal Tax Rates by Income Quintile—tells me
that basic story more clearly anyways. An alternative approach would
be to use several small charts (‘small multiples’) and stack them
together in some way, but I chose to stick to the spirit of the challenge
and only redesign the single chart. Plus, had TPC made a series of
small charts, it’s not clear to me the Washington Post would have
picked it up.
The ‘Fiscal Cliff’
Explained in Charts
Fiscal Cliff Components
 (Percentage)

                AMT Patch



  2001-03 low/middle cuts



                Estate Tax



                Extenders



          Stimulus Credits



   2001- High Income cuts


2003 - High Income capital
       gains and dividends


      Health reform taxes



                Payroll Tax

                              Lowest   Second     Middle   Fourth   Highest   80-99%   Top 1%   All
                                                Quintile
Average Federal Tax Rate, by Cash Income Percentile, 2013
(Percent)

40

                                                  Increase due to tax changes

                                                                                 7.2


                                                                    Baseline
30
                                            5.8

                                                                       5.1


                                                                                         5.0
20                                 4.2


                          3.8                                                    31.2

                                           25.2
                                                                       22.8
10                4.1                                                                    19.4
                                   17.4
                         14.0

                  8.0
            3.7

 0          0.6
       Lowest     2nd   Middle     4th    Highest                    80-99%     Top 1%   All
                        Quintile
Size of Components of the "Fiscal Cliff"
(Billions of dollars)



                         Bush Tax Cuts                                                   221



                        Payroll Tax Cut                                95



                  Debt Ceiling Deal                               65



                           AMT/Other                              65



Unemployment Benefit Expansion                          26



                            ACA Taxes              18



                "Doc fix" expiration          11


                                          0                  50        100   150   200         250
Marginal Tax Rate Increase Under the Fiscal Cliff, by Income Bracket
 (Percent)

Thousand
               <10                                                           64.4
dollar
increments

              10-20                                  26.5


              20-30             5.6


             30-40        2.8


             40-50        2.2


              50-75                   7.8


             75-100                          16.7


         100-200                       8.5


         200-500                6.2


       500-1,000                                     26.2


             >1,000                          16.4

                      0                10       20      30   40   50    60          70
Economic Impact of Fiscal Cliff, Zandi Multipliers
(Billions of dollars)

500


           435
                        Budget Impact
                        Economic Impact
400




300




                              201           196
200              181
                        158
                                      150
                                                    130


100
                                                          69
                                                                  60
                                                                                 50
                                                                       29                   30
                                                                                      23         20

 0
           Tax Cuts     Sequester   Jobs Measures   AMT Patch   Tax Extenders   ACA Taxes   Doc Fix
Sequester Cuts to the FEMA Budget
(Millions of dollars)

600
                   580




400




200
                                       175




                                                                75


                                                                                         25                      25

   0
             Disaster Relief   State, local programs   Salaries and expenses   Emergency food, shelter   Flood hazard mapping
Effect on Fiscal Cliff Components on Deficit and GDP

                Effect on Deficit                                  Effect on GDP
                  (Billions of dollars)                              (Percentage)

                          24                   Payroll /UI
                                                                          0.4
                          40                 Bush cuts (high)


                          42              Bush cuts (low/middle)
                                                                          0.4


                                                                          0.1
                         108
                                              Nondefense


                                                                          0.7
Total Effect:                                                                       Total Effect:
 $503 billion                                                                          2.9%




                         288                     Defense

                                                                          1.3
Contact me

www.slideshare.net/jschwabish
   jschwabi@yahoo.com
        @jschwabish

Weitere ähnliche Inhalte

Was ist angesagt?

2011 BH/ID/A Coalition Pre-Budget Presentation
2011 BH/ID/A Coalition Pre-Budget Presentation2011 BH/ID/A Coalition Pre-Budget Presentation
2011 BH/ID/A Coalition Pre-Budget PresentationPAR
 
The Euro Area Crisis and Reforms Fiscal Discipline and Growth
The Euro Area Crisis and Reforms Fiscal Discipline and GrowthThe Euro Area Crisis and Reforms Fiscal Discipline and Growth
The Euro Area Crisis and Reforms Fiscal Discipline and GrowthIstituto Affari Internazionali
 
Call presentation 4 q11_eng
Call presentation 4 q11_engCall presentation 4 q11_eng
Call presentation 4 q11_engArteris S.A.
 
Apres call 2_q10_v2
Apres call 2_q10_v2Apres call 2_q10_v2
Apres call 2_q10_v2Arteris S.A.
 
The Uk Civil Society Almanac 2010
The Uk Civil Society Almanac 2010The Uk Civil Society Almanac 2010
The Uk Civil Society Almanac 2010Karl Wilding
 
Apresentação call 1 q12_eng
Apresentação call 1 q12_engApresentação call 1 q12_eng
Apresentação call 1 q12_engArteris S.A.
 

Was ist angesagt? (9)

2011 BH/ID/A Coalition Pre-Budget Presentation
2011 BH/ID/A Coalition Pre-Budget Presentation2011 BH/ID/A Coalition Pre-Budget Presentation
2011 BH/ID/A Coalition Pre-Budget Presentation
 
The Euro Area Crisis and Reforms Fiscal Discipline and Growth
The Euro Area Crisis and Reforms Fiscal Discipline and GrowthThe Euro Area Crisis and Reforms Fiscal Discipline and Growth
The Euro Area Crisis and Reforms Fiscal Discipline and Growth
 
Call presentation 4 q11_eng
Call presentation 4 q11_engCall presentation 4 q11_eng
Call presentation 4 q11_eng
 
Mohr and White - Minimizing unemployment costs
Mohr and White - Minimizing unemployment costs Mohr and White - Minimizing unemployment costs
Mohr and White - Minimizing unemployment costs
 
Apres call 2_q10_v2
Apres call 2_q10_v2Apres call 2_q10_v2
Apres call 2_q10_v2
 
The Uk Civil Society Almanac 2010
The Uk Civil Society Almanac 2010The Uk Civil Society Almanac 2010
The Uk Civil Society Almanac 2010
 
Apresentação call 1 q12_eng
Apresentação call 1 q12_engApresentação call 1 q12_eng
Apresentação call 1 q12_eng
 
Budget 2012
Budget 2012Budget 2012
Budget 2012
 
Tobacco Cessation and Worksite Wellness
Tobacco Cessation and Worksite WellnessTobacco Cessation and Worksite Wellness
Tobacco Cessation and Worksite Wellness
 

Andere mochten auch

Master US Fiscal Cliff Primer Presentation
Master US Fiscal Cliff Primer PresentationMaster US Fiscal Cliff Primer Presentation
Master US Fiscal Cliff Primer PresentationBloomberg Briefs
 
VisWeek: Graphics and Infographics
VisWeek: Graphics and InfographicsVisWeek: Graphics and Infographics
VisWeek: Graphics and InfographicsJon Schwabish
 
Slide Redesign, Version 2
Slide Redesign, Version 2Slide Redesign, Version 2
Slide Redesign, Version 2Jon Schwabish
 
Occupy Wall Street
Occupy Wall StreetOccupy Wall Street
Occupy Wall StreetWordpandit
 
Better Presentations
Better PresentationsBetter Presentations
Better PresentationsJon Schwabish
 
American political parties
American political partiesAmerican political parties
American political partiespjosephchs
 
Level up your presentation design by @orsnemes
Level up your presentation design by @orsnemesLevel up your presentation design by @orsnemes
Level up your presentation design by @orsnemesOrsolya Nemes
 

Andere mochten auch (8)

Master US Fiscal Cliff Primer Presentation
Master US Fiscal Cliff Primer PresentationMaster US Fiscal Cliff Primer Presentation
Master US Fiscal Cliff Primer Presentation
 
VisWeek: Graphics and Infographics
VisWeek: Graphics and InfographicsVisWeek: Graphics and Infographics
VisWeek: Graphics and Infographics
 
Slide Redesign, Version 2
Slide Redesign, Version 2Slide Redesign, Version 2
Slide Redesign, Version 2
 
Occupy Wall Street
Occupy Wall StreetOccupy Wall Street
Occupy Wall Street
 
Better Presentations
Better PresentationsBetter Presentations
Better Presentations
 
American political parties
American political partiesAmerican political parties
American political parties
 
SXSW 2016 Proposal
SXSW 2016 ProposalSXSW 2016 Proposal
SXSW 2016 Proposal
 
Level up your presentation design by @orsnemes
Level up your presentation design by @orsnemesLevel up your presentation design by @orsnemes
Level up your presentation design by @orsnemes
 

Ähnlich wie The 'Fiscal Cliff' explained in charts

2012 UIC Fed Challenge Presentation
2012 UIC Fed Challenge Presentation2012 UIC Fed Challenge Presentation
2012 UIC Fed Challenge PresentationMichael Cassidy
 
Tjif Budget Overview 2011
Tjif Budget Overview 2011Tjif Budget Overview 2011
Tjif Budget Overview 2011Kausar Fecto
 
Michael Kumhof, Stockholm, 2 nov
Michael Kumhof, Stockholm, 2 novMichael Kumhof, Stockholm, 2 nov
Michael Kumhof, Stockholm, 2 novGlobal Utmaning
 
Venture Capitalist Competition
Venture Capitalist CompetitionVenture Capitalist Competition
Venture Capitalist Competitiondoshihardik
 
Deutsche EuroShop | Company Presentation | 07/11
Deutsche EuroShop | Company Presentation | 07/11Deutsche EuroShop | Company Presentation | 07/11
Deutsche EuroShop | Company Presentation | 07/11Deutsche EuroShop AG
 
Financial Results 3Q - Corporate Law
Financial Results 3Q - Corporate LawFinancial Results 3Q - Corporate Law
Financial Results 3Q - Corporate LawEmbraer RI
 
2001 - Financial Results 3 Q Corporate Law
2001 - Financial Results 3 Q   Corporate Law2001 - Financial Results 3 Q   Corporate Law
2001 - Financial Results 3 Q Corporate LawEmbraer RI
 
Financial Model Manufacturing And Retail Businesses
Financial Model Manufacturing And Retail BusinessesFinancial Model Manufacturing And Retail Businesses
Financial Model Manufacturing And Retail BusinessesElisha A. A. (Capital) Ltd
 

Ähnlich wie The 'Fiscal Cliff' explained in charts (20)

2012 UIC Fed Challenge Presentation
2012 UIC Fed Challenge Presentation2012 UIC Fed Challenge Presentation
2012 UIC Fed Challenge Presentation
 
Belize - Trade Profile UWI's Shridath Ramphal Centre
Belize -  Trade Profile UWI's Shridath Ramphal CentreBelize -  Trade Profile UWI's Shridath Ramphal Centre
Belize - Trade Profile UWI's Shridath Ramphal Centre
 
Tjif Budget Overview 2011
Tjif Budget Overview 2011Tjif Budget Overview 2011
Tjif Budget Overview 2011
 
Dominican Republic -Trade Profile UWI's Shridath Ramphal Centre
Dominican Republic -Trade Profile UWI's Shridath Ramphal CentreDominican Republic -Trade Profile UWI's Shridath Ramphal Centre
Dominican Republic -Trade Profile UWI's Shridath Ramphal Centre
 
Barbados -Trade Profile UWI's Shridath Ramphal Centre
Barbados -Trade Profile UWI's Shridath Ramphal CentreBarbados -Trade Profile UWI's Shridath Ramphal Centre
Barbados -Trade Profile UWI's Shridath Ramphal Centre
 
Rama nursepublicpolicy
Rama nursepublicpolicyRama nursepublicpolicy
Rama nursepublicpolicy
 
SERI 2011 Korea Economic Forum
SERI 2011 Korea Economic ForumSERI 2011 Korea Economic Forum
SERI 2011 Korea Economic Forum
 
Korea's Strategy in a Changing Global Economy
Korea's Strategy in a Changing Global EconomyKorea's Strategy in a Changing Global Economy
Korea's Strategy in a Changing Global Economy
 
Amy Liu | Metropolitan Business Planning | Global Cities Initiative
Amy Liu | Metropolitan Business Planning | Global Cities InitiativeAmy Liu | Metropolitan Business Planning | Global Cities Initiative
Amy Liu | Metropolitan Business Planning | Global Cities Initiative
 
Michael Kumhof, Stockholm, 2 nov
Michael Kumhof, Stockholm, 2 novMichael Kumhof, Stockholm, 2 nov
Michael Kumhof, Stockholm, 2 nov
 
Suriname - Trade Profile [UWI's Shridath Ramphal Centre]
Suriname -  Trade Profile [UWI's Shridath Ramphal Centre]Suriname -  Trade Profile [UWI's Shridath Ramphal Centre]
Suriname - Trade Profile [UWI's Shridath Ramphal Centre]
 
Venture Capitalist Competition
Venture Capitalist CompetitionVenture Capitalist Competition
Venture Capitalist Competition
 
Sinteza bgc dec2009
Sinteza bgc dec2009Sinteza bgc dec2009
Sinteza bgc dec2009
 
Haiti - Trade Profile [UWI's Shridath Ramphal Centre]
Haiti  - Trade Profile [UWI's Shridath Ramphal Centre]Haiti  - Trade Profile [UWI's Shridath Ramphal Centre]
Haiti - Trade Profile [UWI's Shridath Ramphal Centre]
 
St. Kitts & Nevis - Trade Profile [UWI's Shridath Ramphal Centre]
St. Kitts & Nevis -  Trade Profile [UWI's Shridath Ramphal Centre]St. Kitts & Nevis -  Trade Profile [UWI's Shridath Ramphal Centre]
St. Kitts & Nevis - Trade Profile [UWI's Shridath Ramphal Centre]
 
4Q09 Presentation
4Q09 Presentation4Q09 Presentation
4Q09 Presentation
 
Deutsche EuroShop | Company Presentation | 07/11
Deutsche EuroShop | Company Presentation | 07/11Deutsche EuroShop | Company Presentation | 07/11
Deutsche EuroShop | Company Presentation | 07/11
 
Financial Results 3Q - Corporate Law
Financial Results 3Q - Corporate LawFinancial Results 3Q - Corporate Law
Financial Results 3Q - Corporate Law
 
2001 - Financial Results 3 Q Corporate Law
2001 - Financial Results 3 Q   Corporate Law2001 - Financial Results 3 Q   Corporate Law
2001 - Financial Results 3 Q Corporate Law
 
Financial Model Manufacturing And Retail Businesses
Financial Model Manufacturing And Retail BusinessesFinancial Model Manufacturing And Retail Businesses
Financial Model Manufacturing And Retail Businesses
 

Mehr von Jon Schwabish

Slide Redesign, Version 1
Slide Redesign, Version 1Slide Redesign, Version 1
Slide Redesign, Version 1Jon Schwabish
 
Truth in Data Session at SXSW
Truth in Data Session at SXSWTruth in Data Session at SXSW
Truth in Data Session at SXSWJon Schwabish
 
Citations: A Presentation Strategy
Citations: A Presentation StrategyCitations: A Presentation Strategy
Citations: A Presentation StrategyJon Schwabish
 
100 Years Leading Major Government Agencies
100 Years Leading Major Government Agencies100 Years Leading Major Government Agencies
100 Years Leading Major Government AgenciesJon Schwabish
 
Slow Down: A Presentation Technique
Slow Down: A Presentation TechniqueSlow Down: A Presentation Technique
Slow Down: A Presentation TechniqueJon Schwabish
 
Truth will set you free but data will piss you off
Truth will set you free but data will piss you offTruth will set you free but data will piss you off
Truth will set you free but data will piss you offJon Schwabish
 
Layering: A Presentation Technique
Layering: A Presentation TechniqueLayering: A Presentation Technique
Layering: A Presentation TechniqueJon Schwabish
 

Mehr von Jon Schwabish (7)

Slide Redesign, Version 1
Slide Redesign, Version 1Slide Redesign, Version 1
Slide Redesign, Version 1
 
Truth in Data Session at SXSW
Truth in Data Session at SXSWTruth in Data Session at SXSW
Truth in Data Session at SXSW
 
Citations: A Presentation Strategy
Citations: A Presentation StrategyCitations: A Presentation Strategy
Citations: A Presentation Strategy
 
100 Years Leading Major Government Agencies
100 Years Leading Major Government Agencies100 Years Leading Major Government Agencies
100 Years Leading Major Government Agencies
 
Slow Down: A Presentation Technique
Slow Down: A Presentation TechniqueSlow Down: A Presentation Technique
Slow Down: A Presentation Technique
 
Truth will set you free but data will piss you off
Truth will set you free but data will piss you offTruth will set you free but data will piss you off
Truth will set you free but data will piss you off
 
Layering: A Presentation Technique
Layering: A Presentation TechniqueLayering: A Presentation Technique
Layering: A Presentation Technique
 

Kürzlich hochgeladen

Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Drew Madelung
 
A Call to Action for Generative AI in 2024
A Call to Action for Generative AI in 2024A Call to Action for Generative AI in 2024
A Call to Action for Generative AI in 2024Results
 
Understanding the Laravel MVC Architecture
Understanding the Laravel MVC ArchitectureUnderstanding the Laravel MVC Architecture
Understanding the Laravel MVC ArchitecturePixlogix Infotech
 
Enhancing Worker Digital Experience: A Hands-on Workshop for Partners
Enhancing Worker Digital Experience: A Hands-on Workshop for PartnersEnhancing Worker Digital Experience: A Hands-on Workshop for Partners
Enhancing Worker Digital Experience: A Hands-on Workshop for PartnersThousandEyes
 
Histor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slideHistor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slidevu2urc
 
Maximizing Board Effectiveness 2024 Webinar.pptx
Maximizing Board Effectiveness 2024 Webinar.pptxMaximizing Board Effectiveness 2024 Webinar.pptx
Maximizing Board Effectiveness 2024 Webinar.pptxOnBoard
 
Unblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesUnblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesSinan KOZAK
 
Scaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationScaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationRadu Cotescu
 
IAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI SolutionsIAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI SolutionsEnterprise Knowledge
 
[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdfhans926745
 
Presentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreterPresentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreternaman860154
 
08448380779 Call Girls In Greater Kailash - I Women Seeking Men
08448380779 Call Girls In Greater Kailash - I Women Seeking Men08448380779 Call Girls In Greater Kailash - I Women Seeking Men
08448380779 Call Girls In Greater Kailash - I Women Seeking MenDelhi Call girls
 
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdfThe Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdfEnterprise Knowledge
 
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...Igalia
 
08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking Men08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking MenDelhi Call girls
 
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 3652toLead Limited
 
#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024BookNet Canada
 
🐬 The future of MySQL is Postgres 🐘
🐬  The future of MySQL is Postgres   🐘🐬  The future of MySQL is Postgres   🐘
🐬 The future of MySQL is Postgres 🐘RTylerCroy
 
Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101Paola De la Torre
 
Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024BookNet Canada
 

Kürzlich hochgeladen (20)

Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
 
A Call to Action for Generative AI in 2024
A Call to Action for Generative AI in 2024A Call to Action for Generative AI in 2024
A Call to Action for Generative AI in 2024
 
Understanding the Laravel MVC Architecture
Understanding the Laravel MVC ArchitectureUnderstanding the Laravel MVC Architecture
Understanding the Laravel MVC Architecture
 
Enhancing Worker Digital Experience: A Hands-on Workshop for Partners
Enhancing Worker Digital Experience: A Hands-on Workshop for PartnersEnhancing Worker Digital Experience: A Hands-on Workshop for Partners
Enhancing Worker Digital Experience: A Hands-on Workshop for Partners
 
Histor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slideHistor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slide
 
Maximizing Board Effectiveness 2024 Webinar.pptx
Maximizing Board Effectiveness 2024 Webinar.pptxMaximizing Board Effectiveness 2024 Webinar.pptx
Maximizing Board Effectiveness 2024 Webinar.pptx
 
Unblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesUnblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen Frames
 
Scaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationScaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organization
 
IAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI SolutionsIAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI Solutions
 
[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf
 
Presentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreterPresentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreter
 
08448380779 Call Girls In Greater Kailash - I Women Seeking Men
08448380779 Call Girls In Greater Kailash - I Women Seeking Men08448380779 Call Girls In Greater Kailash - I Women Seeking Men
08448380779 Call Girls In Greater Kailash - I Women Seeking Men
 
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdfThe Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
 
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
 
08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking Men08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking Men
 
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
 
#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
 
🐬 The future of MySQL is Postgres 🐘
🐬  The future of MySQL is Postgres   🐘🐬  The future of MySQL is Postgres   🐘
🐬 The future of MySQL is Postgres 🐘
 
Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101
 
Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
 

The 'Fiscal Cliff' explained in charts

  • 1. The ‘Fiscal Cliff’ explained in charts A critical review of a recent gallery of charts from the Washington Post Jonathan A. Schwabish jschwabi@yahoo.com @jschwabish
  • 2. The Set Up For a few weeks now, the Washington Post has posted a gallery of charts to help explain what is meant by the ‘Fiscal Cliff’: http://goo.gl/V46U6 Although the 7 charts are a collection of simple bar charts, from a data visualization perspective they leave a lot to be desired
  • 3. The Challenge This slide deck contains my redesign of all 7 charts. I followed 5 basic rules: 1. Use the actual data 2. Do not overly modify text or labels 3. Use a single color scheme and font 4. Only use Microsoft Excel 5. Apply good data visualization principles
  • 4. Use the Actual Data (and do not add extra data elements) Except for Slide #6—”Sequester cuts to the FEMA budget”—all of the data were either available on the source websites or in the gallery itself (for slide #6, I eyeballed the values)
  • 5. Do not overly modify text or labels (unless absolutely necessary) Even though some of the labels were shorthand or incomplete, the objective of the challenge was to improve the visualizations, not correct syntax
  • 6. Use a single color scheme and font The gallery is a collection of charts from multiple sources (4 appear to have been made directly by Post staff) so the color schemes vary as do the fonts A single design scheme can improve the appearance and clarity of the gallery (I use the ‘Corbel’ throughout)
  • 7. Only use Microsoft Excel Because many people use Excel extensively, I wanted to show that creating quality data visualization does not require complex software or knowledge of programming languages
  • 8. Apply good Data Visualization Principles My redesigns incorporate simple strategies: • keep data and labels close together • deemphasize tick marks, gridlines, axes (i.e., ‘chartjunk’) • where possible, include data directly on the chart
  • 9. Final Notes Each of the redesigned charts is preceded by a copy of the original chart, either from the source website or as a screen shot from the Washington Post (hence the blurriness in some of the images) These redesigns are a start. Please feel free to add comments to this SlideShare page or contact me directly with thoughts, critiques, or suggestions
  • 10. A Detailed Parenthetical I just wanted to insert a detailed note about the first two charts from the Tax Policy Center (TPC). In the first chart, I chose to focus on the distributional analysis and sacrifice the imagery of the rising average federal tax rate as incomes rise (that is, the height of the bars). I didn’t get much of the distributional story from the original TPC distributional chart because it was just a mess of stacks and colors. The second chart—Average Federal Tax Rates by Income Quintile—tells me that basic story more clearly anyways. An alternative approach would be to use several small charts (‘small multiples’) and stack them together in some way, but I chose to stick to the spirit of the challenge and only redesign the single chart. Plus, had TPC made a series of small charts, it’s not clear to me the Washington Post would have picked it up.
  • 12.
  • 13. Fiscal Cliff Components (Percentage) AMT Patch 2001-03 low/middle cuts Estate Tax Extenders Stimulus Credits 2001- High Income cuts 2003 - High Income capital gains and dividends Health reform taxes Payroll Tax Lowest Second Middle Fourth Highest 80-99% Top 1% All Quintile
  • 14.
  • 15. Average Federal Tax Rate, by Cash Income Percentile, 2013 (Percent) 40 Increase due to tax changes 7.2 Baseline 30 5.8 5.1 5.0 20 4.2 3.8 31.2 25.2 22.8 10 4.1 19.4 17.4 14.0 8.0 3.7 0 0.6 Lowest 2nd Middle 4th Highest 80-99% Top 1% All Quintile
  • 16.
  • 17. Size of Components of the "Fiscal Cliff" (Billions of dollars) Bush Tax Cuts 221 Payroll Tax Cut 95 Debt Ceiling Deal 65 AMT/Other 65 Unemployment Benefit Expansion 26 ACA Taxes 18 "Doc fix" expiration 11 0 50 100 150 200 250
  • 18.
  • 19. Marginal Tax Rate Increase Under the Fiscal Cliff, by Income Bracket (Percent) Thousand <10 64.4 dollar increments 10-20 26.5 20-30 5.6 30-40 2.8 40-50 2.2 50-75 7.8 75-100 16.7 100-200 8.5 200-500 6.2 500-1,000 26.2 >1,000 16.4 0 10 20 30 40 50 60 70
  • 20.
  • 21. Economic Impact of Fiscal Cliff, Zandi Multipliers (Billions of dollars) 500 435 Budget Impact Economic Impact 400 300 201 196 200 181 158 150 130 100 69 60 50 29 30 23 20 0 Tax Cuts Sequester Jobs Measures AMT Patch Tax Extenders ACA Taxes Doc Fix
  • 22.
  • 23. Sequester Cuts to the FEMA Budget (Millions of dollars) 600 580 400 200 175 75 25 25 0 Disaster Relief State, local programs Salaries and expenses Emergency food, shelter Flood hazard mapping
  • 24.
  • 25. Effect on Fiscal Cliff Components on Deficit and GDP Effect on Deficit Effect on GDP (Billions of dollars) (Percentage) 24 Payroll /UI 0.4 40 Bush cuts (high) 42 Bush cuts (low/middle) 0.4 0.1 108 Nondefense 0.7 Total Effect: Total Effect: $503 billion 2.9% 288 Defense 1.3
  • 26. Contact me www.slideshare.net/jschwabish jschwabi@yahoo.com @jschwabish