Federal tax receipts appear to have plateaued in a fashion very similar to 2001 and 2007. Total receipts show a similar trend. The large drop in Q1 2018 seems to be mostly due to the changes in corporate tax rates, but the absence of growth since 2015 suggests broad based growth has ended. It will be very interesting to see if revenues recovered in Q2 and where the trend line is established by Q3.
Does anyone know when Q2 numbers are due?
Submitted June 30, 2018 at 04:06PM by beguiledfoil https://ift.tt/2Kwr5a9
