Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: tradermike_1999 who wrote (6654)	8/4/2001 4:35:49 PM
From: Ilaine	Respond to of 74559

I'm kind of mystified as to how he is equating US productivity with corporate earnings growth. First, the productivity stat is for the entire country (excluding farms) - publicly traded corporations are only a subset. stats.bls.gov Second, an increase in productivity doesn't mean an increase in profitability. An increase in supply usually drives down prices. I think TrimTabs' approach makes more sense - the IRS posts income tax received, withholding and estimated payments - for corporations it's down 29%. Corporations pay tax on profits, so there's a direct correlation. trimtabs.com

To: tradermike_1999 who wrote (6654)	8/4/2001 6:41:08 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Party pooper :0) Chugs, Jay

To: tradermike_1999 who wrote (6654)	8/4/2001 6:57:03 PM
From: Ilaine	Read Replies (1) \| Respond to of 74559

I've wasted a big chunk of the day mousing around the IRS website and the Treasury website trying to find tax collection data. I found it once before - same story, it took all day, but this time I bookmarked it. There may be better data but I can't find it. This link gives monthly data, but it's published quarterly, and it's three months behind. Summary of budget results: fms.treas.gov This link gives daily data, but it's only up for a month: fms.treas.gov So the most recent monthly data on corporate income tax collections would be July 31, 2001, on the daily page, which is $4.59 billion. July, 1999 was $3.4 billion. July, 2000 was $5 billion. Down around 10% from 2000, up from 1999. Who knows?