Quarterly Corporate Income Tax Payments Have Continued to Be Strong in September: Fiscal Year Amounts Will Be Well Above Pre-Pandemic Levels
Posted on September 17, 2021 It was no real surprise given the amounts paid in recent months, but the mid-September quarterly payment of income taxes by corporations continued to be very strong. With most all of the September payment now in the books, amounts so far this month have been about 57 percent above payments […]
Weak Employment Report But Strong Tax Withholding in August: The Big Picture Effects of Wage Distribution Shifts on Withholding
Posted on September 6, 2021 Happy Labor Day. It’s a good time to assess the state of the overall labor market, a few days after the employment report for August released by the Bureau of Labor Statistics (BLS) last Friday. The report showed an unexpectedly small increase in overall employment in August and weak wage […]