Menu Close

Early February Withholding Tax Rebound Signals Sustained Growth, But Inflation Still a Factor

Subscribers, click here to download the report.

Withholding tax collections entered a strong rebound phase in early February after their typical cyclical trough in late January. Strong employee earnings inflation accounted for 2/3 of the gain. Meanwhile, corporate tax collections continue to reflect strong profitability and excise tax collections were also strong.

 Non-subscribers, click here for the rest of the story.

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading