Federal income tax collections

[SlugSlinger]

Want to see how the economy is doing? This is scary.

Year to date personal income tax collections are down 20% through June 30. That’s a 20% drop in income from the same period last year. We are going to see a very hard landing. Can you say economic depression?

 

[OK Corgi Rancher]

I am amazed at how inept the people running this country actually are. Yep...it's not gonna end well.

 

[HillsideDesolate]

Thanks to the vaccine mandate I make about half of what I use to. FJB

 

[conditionzero]

What is this, just from people choosing to hot have taxes withheld? Or from unemployment / other?

 

[ConstitutionCowboy]

What is this, just from people choosing to hot have taxes withheld? Or from unemployment / other?

Lack of wages paid - eh - over the table? Lack of wages altogether? Big layoffs? Reduced wages? Undocumented aliens - AKA illegal aliens - taking jobs under the table? One or all?

Oh, wait. It's Democrats in control.

Woody

 

[THAT Gurl]

Ouch. Yeah, no good is gonna come from that.

 

[HillsideDesolate]

Ouch. Yeah, no good is gonna come from that.

We will never pay off then interest owed to the Federal Reserve at this rate. LoL

 

[Bocephus123]

Thanks Joe Economy is Great.

 

[conditionzero]

Lack of wages paid - eh - over the table? Lack of wages altogether? Big layoffs? Reduced wages? Undocumented aliens - AKA illegal aliens - taking jobs under the table? One or all?

Oh, wait. It's Democrats in control.

Woody

Makes sense...fuggg

 

[rickm]

I know mine is about half since i retired with only receiving half of what i was before i retired due to all the mandate and dictatorship going around