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

To: GraceZ who wrote (53492)2/11/2006 7:12:31 PM
From: TimbaBear  Read Replies (2) | Respond to of 110194
 
Hard to imagine the US is in a recession with personal income tax receipts up so sharply over the previous year.

How much of that increase is tied to property flipping? For example, when one has excess liability in one year, there has to ve estimated payments the following year. Wouldn't these estimated payments be considered personal income tax receipts?

Timba



To: GraceZ who wrote (53492)2/11/2006 8:31:51 PM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
Hard to imagine the US is in a recession with personal income tax receipts up so sharply over the previous year.

How hard is it to believe how grossly unequal those receipts were?

I bet most of the increase went to 5% of the people.

Mish


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