Changes in US Withholding Taxes
Matt Trivisonno, a software developer in Miami Beach who follows the market, has come up with a neat way to track changes in the Federal Government's witholding tax receipts.
After being rangebound for the prior 4 years, the year-over-year growth in withholding began rolling over in Q4 of 2007 -- a possible date marking the beginning of the current recession:
>
click thru for larger graph
Source: Matt Trivisonno's Blog
>
Note that withholding comes directly from Wages and Income, and would likely precede major shifts in consumer spending or credit.
>
See also:
In Debt Crisis, Uncle Sam Is Piling It On
Mark Gongloff
WSJ, March 24, 2008; Page C1
http://online.wsj.com/article/SB120632203228958435.html
>
~~~
Monday, March 24, 2008 | 07:12 AM | Permalink
| Comments (16)
| TrackBack (0)
add to de.li.cious |
digg this! |
add to technorati |
email this post

TrackBack
TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00e5516d70468833
Listed below are links to weblogs that reference Changes in US Withholding Taxes :
Comments
What do the numbers on the side of the chart represent?
Posted by: OkieLawyer | Mar 24, 2008 7:46:03 AM
The comments to this entry are closed.