Monthly performance chart by weekly buckets Year To Date.
We dare ask: where is this alleged sustainable improvement since the beginning of the year?
To be sure, the last bucket includes just Weeks 13-15, so one more week will be required for an apples to apples 4 week bucket. For the last bucket to be merely flat (0.0% change), the current week will need to generate $33.1 billion in tax withholdings, a 19% increase over the $26.8 billion withheld in the year ago period. We will update this chart once this week’s data is released. We are not anticipating a 19% increase in weekly withholdings.
By the way, do not screw up your taxes using Turbo Tax aka “the Geithner excuse.” It won’t work.
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April 20, 2010 at 12:44 pm
[...] Are Ben Stein, American Spectator: Same Old: Liberals Then and Now Mcnorman’s Weblog: Week 15 US Tax Withholdings Drop, Hmm and U.S. Treasury 2009 Financial Report Reveals Dire Course HillBuzz: Question: How is Liberalism [...]
April 20, 2010 at 12:48 pm
The bloom is most definitely off the rose — the numbers will plunge even further when the thousands of part-time census workers hired across the country by Team Obama go back to being fully unemployed.
April 20, 2010 at 1:50 pm
Yes, the third and fourth quarter are going to be naked but truthful numbers. POTUS is a one termer.
April 21, 2010 at 5:43 am
As James Carville would say, “It’s the economy, stupid”.
April 21, 2010 at 6:04 am
James Carville’s simple yet eloquent statement says it all…they don’t get it.
April 21, 2010 at 6:21 am
Obama does not care about the economy…his mission is to take this country down, his plan is working, it will take 10 years to recover for each year he pushes his agenda…my guess, he will have a two year reign, and the midterms will end social justice program, his last two years, he will serve as a lame duck….but the damage will continue….his legacy willl include a war started by Iran will millions of lives destroyed. So much for the Harvard Grad..
April 21, 2010 at 6:58 am
Greetings Jim. I am in complete agreement. The damage is not short term recovery. The future looks quite bleak for this country. Our country allowed him to take control. It is up to us to force the change at the voting booth that will stop this trainwreck.
April 21, 2010 at 8:01 pm
That title, Week 15 US Tax Withholdings Drop, Hmm, is because more hands are out than are putting into the kitty.
April 22, 2010 at 12:24 pm
Why can’t we sell Barack to the Saudis? He would make a dandy dancing boy.