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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: TimbaBear who wrote (53650)2/13/2006 2:01:53 AM
From: GraceZ  Read Replies (2) of 110194
 
My bad, I compared Q4 2004 with Q3 2005 to come up with 21%. 10.17% is correct for Q3 to Q3 comparisons.

This is about the same amount that total personal income tax receipts have risen in the first three Qs over the previous year.

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

I have a number of clients in small businesses completely unrelated to real estate who have huge tax liabilities this year. One client went from a net of 50k to 250k in one year as his biz went from being a 100k operation to one that bills around 5 million. Related to RE, I met more than one roofing contractor in Florida when I was dealing with my father's house who said that they went from billing 2 million to 10 million after the hurricanes in Southern Florida. Some small businesses have done rather well in the last few years around here, but then Maryland is in a serious boom (apart from RE) due to large increases in government and military spending as well as huge increases in capital spending by the numerous hospitals and healthcare facilities located here.

....were the cutoff periods for both time slots of equal duration?

If you ever want to get the IRS to come down hard on you fast, fool around with the withholding. Employment taxes are probably the most paid on time and timely taxes that the government collects.
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