Blow Out Withholding Tax Collections

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Note: This report was originally posted in the wrong category on Wednesday. It is part of the Federal Revenues Pro Trader Service, not the Macro Liquidity service. I apologize for the error!

An extraordinary surge in withholding tax collections in April shows that employers have become completely delusional since the ascension of Don Trump as head of the Washington DC Syndicate. We know that because other types of taxes are going the other way.

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today. 

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