Quarterly Estimated Tax Payments by Corporations Grew Strongly in Mid-September
Posted on September 20, 2022 With the mid-September corporate income tax payments now in the books, and only relatively small amounts normally left to be counted over the rest of the month, we estimate that federal corporate tax payments for all of September will total roughly $111 billion, an increase of about 25 percent over […]
With About One Month to Go, We See Total Federal Revenues Ending the 2022 Fiscal Year Higher by about 20 Percent over the 2021 Amounts, to a Near Record Amount Relative to the Size of the Economy
Posted on Tuesday, September 6, 2022 Federal revenues have boomed in fiscal year 2022, despite an economic slowdown that has seen real GDP growth turn slightly negative in the first and second quarters of this calendar year. Receipts in September, the final month of the fiscal year, include the third quarterly estimated payments for tax […]