Mark Booth is an economist and financial consultant. Over his career he has extensively analyzed the state of U.S. tax collections and methods for forecasting the amount of those federal revenues into the future. He completed a 31-year career at the Congressional Budget Office (CBO), serving the last half of that time as the chief of the unit responsible for the agency’s revenue estimates. In that role, he supervised the production of the agency’s 10-year projections of the different components of federal revenues, including the separate estimates of the effects of changes in tax and other laws affecting revenues. Before that, he was responsible for producing the agency’s projections of revenues from individual and corporate income taxes. Prior to his federal service, he spent four years as a macroeconomist at Data Resources, Inc. (DRI), working on its forecasts of the U.S. economy as both a staff economist and research assistant.
Since leaving federal service, Booth continues to track U.S. tax collections, and believes that they can provide important real-time clues about the state of the U.S. economy, especially wage income. He also earned a financial planning designation, Chartered Financial Consultant®, from the American College of Financial Services. He undertakes projects through Booth Financial Consulting LLC and blogs at taxtracking.com.
Mark holds undergraduate and graduate degrees in economics from Wesleyan University and Brown University, respectively.