Lopsided Gains In Current Witholding Taxes Point to Lopsided Growth, Increased Risk

Withholding tax collections have continued to surge right up to this week, but other taxes are weakening. The pattern suggests that the highest earners are seeing outsized gains that skew the top line numbers while the bulk of the population stagnates. Here’s what that means for the market outlook.

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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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