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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Think4Yourself who wrote (98058)5/29/2009 8:34:18 AM
From: Paul Kern  Read Replies (2) of 116555
 
Tax revenues have dropped off a cliff.

Worse still, the income picture darkened in May. TrimTabs real-time data indicates that net take-home pay, which is defined as after-tax wages and salaries plus income tax refunds plus government tax credits and tax rebates, is down a staggering 16.3 percentage points y-o-y so far in May, compared to a decline of 4.3 percentage points y-o-y in the period of February through April 2009.

au.sys-con.com
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