Federal Tax Withholding Growth in July Remained Relatively Stable at a Healthy Pace
Posted on July 30, 2025 We estimate that federal tax withholding–the combined amount of income and payroll taxes withheld from workers’ paychecks and remitted as quickly as the next day to the U.S. Treasury Department–grew by 6.4 percent in July compared to the amount from July of a year ago (see chart below). That is […]
A Perspective on the Recent Soaring Amount of Customs Duties–You Know, From Tariffs
Posted on July 28, 2025 Summary The Administration’s new tariffs are a complicated, dizzying array of general, country-specific, and product-specific duties that are often changing or being delayed. I won’t go into the different rates, and there are good tariff trackers available, such as from the Tax Foundation and Yale Budget Lab. What is not […]
Growth in Federal Tax Withholding Rebounded in June
Posted on July 2, 2025 Based on our assessment of the U.S. Treasury Department’s Daily Treasury Statements, U.S. federal tax withholding rebounded in June after two months with slower growth. We estimate that federal tax withholding-–the combined amount of income and payroll taxes withheld from workers’ paychecks and remitted by firms as quickly as the […]