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Withholding Taxes Chart
Note: While the second quarter came in stronger than first, I do not consider that to be any sort of turn-around. On the annual chart below, you can see that the drop-off from 2007 is still much larger than 2001’s drop-off from 2002. So, this supposedly “short and shallow” recession is looking a good deal worse than the last recession.
Current through the Daily Treasury Statement dated August 07, 2008.
Note: 3Q08 is calculated with the first 27 data points of 3Q08 and 3Q07. This
number will bounce around less as we move through the quarter. See the spreadsheet below to follow the calculation day-by-day. The three bars on the right are the first 3 quarters of 2008
Note: 2008 is a year-to-date comparision between the first 153 data points of 2008 and 2007.
What is This?
Each business day, the United States Treasury Department publishes a report on the workings of the government’s income and spending. One of the items on this report is the “Withheld Income and Employment Taxes.” (Here in the USA, workers have taxes automatically deducted from each paycheck.) This project charts this data.
Current through the Daily Treasury Statement dated August 07, 2008.
Note: 3Q08 is calculated with the first 27 data points of 3Q08 and 3Q07. This
number will bounce around less as we move through the quarter. See the spreadsheet below to follow the calculation day-by-day. The three bars on the right are the first 3 quarters of 2008
Note: 2008 is a year-to-date comparision between the first 153 data points of 2008 and 2007.
What is This?
Each business day, the United States Treasury Department publishes a report on the workings of the government’s income and spending. One of the items on this report is the “Withheld Income and Employment Taxes.” (Here in the USA, workers have taxes automatically deducted from each paycheck.) This project charts this data.