Iconoclast421

Nothing Suggests We're Anywhere Near the Bottom

I'm having trouble understanding where that 50% number came from. I think the Chiang screwed up, or something happened last april that skewed the data. Here's some other data from the report: "Retail sales were down $2.6 billion
(-12.5%), personal income taxes fell by
$9.2 billion (-19.7%), and corporate taxes
were $614 million lower (-7.5%) than last
year’s total at the end of April."

So for the first 4 months of 2009, personal income taxes are down by 20%.