by Gary S. Morrow | Apr 15, 2019 | Commentary, Uncategorized
“If you’re an American taxpayer, you probably got a tax cut last year. And there’s a good chance you don’t believe it. To a large degree, the gap between perception and reality on the tax cuts appears to flow from a sustained — and misleading — effort by...
by Gary S. Morrow | Feb 22, 2019 | Commentary
MarketWatch.com, courtesy of Bill Bischoff, sums things up quite nicely. The lede: The Tax Cuts and Jobs Act (TCJA) included many changes that will affect individual taxpayers for 2018-2025. However it maintains the status quo for taxes on long-term capital gains...
by Gary S. Morrow | Feb 14, 2019 | Commentary, Market Update
Key Bit: The federal government collected a record $1,665,484,000,000 in individual income taxes in calendar year 2018, according to the Monthly Treasury Statements for the year, which the Treasury finished publishing today with the belated release of the December...
by Gary S. Morrow | Dec 13, 2018 | Chart of the Day, Charts
The Lede: The federal government collected record total tax revenues of $458,653,000,000 in October and November, the first two months of fiscal 2019, according to the Monthly Treasury Statement released today. Even with these record tax collections, however, the...
by Gary S. Morrow | Nov 15, 2018 | Author Commentary, Chart of the Day
The lede: The federal government collected record total tax revenues of $252,692,000,000 in October, the first month of fiscal 2019, according to the Monthly Treasury Statement released Tuesday. Despite the record tax collections, the government still ran a deficit...
