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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (10284)	3/16/2004 10:41:09 PM
From: russwinter	Read Replies (2) \| Respond to of 110194

The Treasury Dept publishes the total wages and salaries withholding tax for all the employers in the US who report to them. Legally that's all employees, I would imagine. Here is the source: fms.treas.gov It comes out daily, but it's probably easier just to check twice a month, and just look on page 2, where it says "withheld income and employment tax", and scan to "month to date". For last year's comparison number go to the "archives", 2003. It's not laid out very well, but you should be able to locate the comparative date from last year. It's important to match up days of the week, Mondays and Fridays seem to be the heaviest report days. So for March, 2004 it would be Monday, March 1 through Wed. March 31. For 2003, it would be Monday, March 3 through Monday, March 31. But to compare apples to apples, I'd drop the 30th and 31st, so the days of the week were the same, and the number of days were the same, should be a nice clean yoy comparison. Because of the change in income taxes last year, Charles Biderman of Trim Tabs has been adding 4% to the yoy comparison to reflect likely tax home pay. But that's over now, as we are entering a period where the tax benefit comparison no longer exists.