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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GraceZ who wrote (53645)	2/13/2006 1:22:31 AM
From: TimbaBear	Read Replies (2) of 110194

Thanks for the link Grace Now to some numbers crunching: Column "C" on that spreadsheet is listed as "Individual Income Taxes" and Column "G" is listed as "Employment Taxes". I believe you were citing 3Q to 3Q YOY comparisons. In Income taxes: 3Q04 = $308.822B and 3Q05 = $367.673B for a difference of 19.06% Employment taxes changed thus: 3Q04 = $197.486B and 3Q05 = $217.592B for a change of 10.17% I submit that the difference between the two percentages is mostly estimated taxes and those are, in no small measure, comprised of gains from flippers. As far as the rest of the gains...the 10.17% number? I don't know....were the cutoff periods for both time slots of equal duration? Were there items attributed to one period and items subtracted from another? A lot of accounting issues could come into play that would perhaps reduce that apparent disparity even further. It is certain that the wage percentage increase has been nowhere on that order of magnitude, the number of jobs hasn't increased by 19%. When verifiable external reality doesn't match the numbers, it is usually the numbers that get corrected. Timba

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