I get this real time Federal tax collection data every day from the US Treasury’s Daily Treasury Statement. It gives us up-to-the-minute information on withholding taxes, estimated individual and corporate income taxes, excise taxes, and others.
These tax collections tell us EXACTLY what the US economy is doing at any given point in time. There’s no need to wait for the media to report what the manipulated government economic data did last month or the month before.
We have everything we need to know in real time.
Federal Withholding Tax collections were solid in August. They gained nearly 5% versus a year ago, before inflation. That’s a good number, but if you think that’s good news for stocks, I’m here to disabuse you of that notion.
I’ll give you the details on this real time data on the economy, and show you why this good news is really bad news for the stock market and your portfolio.
Here’s what you need to know and exactly what to do next, depending on your portfolio…
The post Peek Behind the Curtain of Federal Tax Data to See Exactly What Your Portfolio Needs appeared first on Lee Adler’s Sure Money.
The post Peek Behind the Curtain of Federal Tax Data to See Exactly What Your Portfolio Needs was originally published at The Wall Street Examiner. Follow the money!