The amount of withheld taxes received by the Department of the Treasury for a 12 month period ending August 29, 2008 was 0.73% higher than a year ago after being adjusted for inflation. This is down from July's rate of 1.66%. This is a dramatic decline from 2006 and 2007 where 12 month's withheld taxes grew on average by 4.5% a year.
Sphere: Related Content
2 comments:
1) Financially (In)sightful charts. Is there any chance you could extend the data back further in time to include more growth/recession cycles?
2) It would be interesting to see the taxes plotted against actual S&P 500 earnings.
Unfortunately, the data from the Treasury only goes back to 1999 (at least as far as I could find).
Your idea about actual S&P 500 earnings is a good one. I will try to look at that in a future post.
Post a Comment