May Federal tax collection data sent negative signals. The surge in April withholdings turned into a purge in May, as collections decelerated sharply. The weakness…
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…
Well, he did it. He spent it all. Don Trump spent that $382 billion windfall that the Obama Gang transferred to him on January 20.…
Barack Obama left a big gift for Donald Trump on Inauguration Day. It was the gift of cash, $382 billion in the account of the…
Federal withholding tax collections were up strongly in January, but that abruptly reversed over the past couple of days. Other tax data for January showed…
Relative strength in withholding tax collections tended to support the growth in nonfarm payrolls throughout 2016. But what if both sets of data are misleading?…
The TBAC has forecast $390 billion in cash at year end. With the 10 day average balance now at $400 billion it implies that there…
The growth rate of current Federal Withholding tax collections as reported in real time, approached 5% in real terms and the Federal Government’s cash account…
Both excise tax and corporate income taxes have been declining persistently for more than a year. The fact that withheld taxes are one of the…
Real time withholding tax collections slumped badly in August after skyrocketing in July. The growth rate is now back to the lowest levels of the…
