I know some people don’t like charts, but I think they tell stories. The two charts below tell a story the mainstream media, Trump, Wall Street, and the Deep State don’t want revealed. The first chart shows the year over year percentage change in personal income taxes collected by the Federal government and the second chart shows the year over year percentage change in corporate income taxes collected by the Federal government.
The government drones can’t seasonally adjust, massage, or fake these numbers like they can inflation and unemployment.
A critical thinking person might ask, how can the unemployment rate have fallen to levels last seen in 2007 if personal income taxes collected has been essentially flat for the last two years? The last time unemployment was supposedly this low, the Feds were collecting taxes at a 12% to 18% annual rate over the prior year. Either the BLS is lying about the unemployment rate or the jobs being added are nothing but low paying shit jobs.
A critical thinking person might ask, if the stock market is at record highs because the economy is doing so well and corporations are rolling in dough, why have corporate taxes collected by the Federal government declined for the last three years? Corporate taxes collected have declined because corporate profits are lower than they were three years ago. Have you heard that fact on CNBC? The market isn’t being driven by corporate profits, but just massive levels of Fed created debt, recklessly low interest rates, and a false narrative being spun by Wall Street, their media mouthpieces and even Trump.
The bullshit is so deep, you need to wear hip boots. Luckily for those in control, there are very few critical thinking people asking questions and absolutely ZERO in the corporate mainstream media questioning the official narrative, because it’s their job to lie, misinform and keep the masses sedated and ignorant of their plight.
When I look around me, what I see is pretty much what the official statistics show.
Tax revenues are up, unemployment is down, fewer and fewer people on food stamps, a construction boom so large there is a shortage of construction labor, skilled manufacturing positions going unfilled because there are no qualified people to fill them, and so on.
Do you know anyone that is unemployed and cannot find a job because there are none? If so, how many, where, and why (holding out for an executive position doesn’t count)?
Hey bonehead
Look at the fucking chart. Tax revenue are not up. The stupid, it burns.
Treasury reports indicate otherwise for fiscal 2016-2017.
I started to give some links, but if you don’t already now that it means you aren’t going to use them.
I asked a question, you didn’t answer it so I ask it again and await your answer.
I await your wisdom regarding food stamps. Sound of crickets.
The word is know not now, genius.
“The word is know not now, genius.”
Would you explain that? It doesn’t see t mean anything to me.
We have record tax revenues.
http://reason.com/blog/2012/11/30/the-bush-tax-cut-issue-in-one-chart
Are you a troll for the status quo?
Last time the unemployment rate was 4% in 2007 there were 26 million on food stamps.
Today with a supposed 4% unemployment rate there are 41 million on food stamps.
Yeah that makes sense.
I guess critical thinking skills are not your thing.
The number of people on food stamps is declining, it lags employment figures since people take time to get off of them.
Keep in mind also that the population is up something like 13 million since 2007 and a large number of them are both legal and illegal imports that will spend their entire lives on food stamps and other welfare programs without regard to the state of the economy and employment.
I take it you have little confidence in your position since you have to try to using ad hominem insults to make them seem stronger than they are.
More bullshit. You are grasping at straws with your narrative. The population is up 4% since 2007 and the number on food stamps is up 57%. Yeah, that explains it.
A bit of a lag. At the current rate of going off food stamps, we’ll be back to 26 million in 2030.
The unemployment rate has supposedly dropped from 10% to 4% since 2009, but there are millions more on food stamps today than in 2009.
The illegals is just another red herring to try and make your ridiculous argument valid.
I ad hominem because I love to kick fools like yourself in the balls when they try to spin false narratives.
You are just defending a losing position, a sign of a simple mind that fails to recognize reality when he doesn’t like it.
So how many unemployed do you know?
Great comeback after you were kicked in the balls with unequivocal facts. Thanks for playing douchebag. Based on your intellectual prowess, you are surely unemployed.
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Administrator, you are correct in your analysis and David Stockman, Paul Craig Roberts and Lance Roberts support your position as I do. I am a CPA and I am fully aware of the lies and distortions that are perpetrated by Wall St and Washington D.C. puppets. Part time jobs are filling the ranks of the employed that offer no health insurance or retirement plans. Students graduating from College and looking for a job are not considered unemployed. Individuals that give up looking for a job are not considered unemployed. The LABOR PARTICIPATION rate is at the lowest level in years. The National, State and Local Government debt has been rising faster than the GDP. The Federal Reserve along with the World’s Central Banks Have printed up trillions in paper currency only to artificially repress interest rates and cause pension funded to be underfunded in the trillions. Munchin recently stated that the tax cuts for corporations is needed to prevent th stock market gains from being erased. Trump the lying Buffoon during the campaign stated the stock market was a BIG FAT UGLY BUBBLE. Now he takes credit for the Bubble being much greater. Anonymous is clearly a Wall Street propagandist putting forth the same Bull Sh..t
that was thrown at the dumb down Americans in 2000 and 2007.
“So how many unemployed do you know?”
What does it matter how many any of us “know”? What matters is how many there “are”.
Two different things. One’s improtant and relevant to the argument. The other is not.
Facts are very inconvenient to someone with a narrative. There are 256 million working age Americans and 102 million of them are not working. For the maff challenged, like anonymous, that’s 40% not working. Of the 154 million working, 21 million are part-time and 9 million are supposedly self employed. Another 21 million are employed by the government using our taxes. Sure sounds like a strong employment situation to me. Then you dive into the numbers of men between 35 and 55 who aren’t working and you really get an eye opener.
But who cares about facts, when a narrative will do?
https://www.bls.gov/cps/tables.htm#monthly
Unemployment is still greater than 20% according to Shadowstats.
I do not know where the “around” is located where you are looking, but out here in flyover world, away from Mordor on the Potomac, as Mr. Savage used to say, we see signs that our young people spend more time trying to find a way onto the disability rolls and roles than they do actually looking for work. And since the really good-paying factory jobs like Briggs&Stratton at Poplar Bluff and the Purina Kitty Litter plant are fading out as the Chinese make lawnmower engines a lot cheaper and much faster than the several thousand employees in Small Town USA, the disability check seems a good route to try to a lot of these poorly educated young men and women in the hills. Most of them have some sort of drug background… it seems that Nick and I MISSED the fact that our little piece of heaven on earth is located very close to the methamphetamine center of the world. Good Lord, have we gotten an education about life outside the military industrial complex. We have been so accustomed to NEVER knowing anyone who uses illegal drugs that it took a while for us to realize some people we had met were actually quite stoned most of the time. Oh, well.
My point is that industries are not booming. Unemployment numbers might be down because Cody Boonedock Boy got laid off at the Perryville Plant, so he tried to “get on” at the Procter and Gamble Plant north of Cape but they’re laying off and moving jobs overseas too. He seen a doctor who is gonna try to get him some disability for that broken shoulder he got deer hunting last year. Moving from the unemployment roll to the disability roll really should not count to the good.
Oh, and FOOD STAMPS? Hell, Nick and I could probably get on them. I was tickled to death to discover the local dentist offers half-rates to those whose income levels qualify them. All it required was a tax return (copy). So, I get a 50% discount because we are POOR. I LOVE it. Now, is that wrong? You all must realize Nick and I can afford dental insurance and/or to pay for most of our own dental care. (Preventative is the best with teeth.) But, why should we? Why should the dentist offer rates more honest and more reasonable to JUST the indigent? Why not to savvy people like Nick and I who have taken good care of our teeth, like we took good care of our finances so we could retire early? Why not? Hell, we DESERVE it.
But, we are adding to the numbers here, not lowering them.
I just think you live near the Potomac, where all the funny money gets spent.
In truth, looking just around my neighborhood and around Denver in general, I see the same thing. Business is seemingly booming, Cranes are everywhere cramming in new structure everywhere they can, and every Costco around town is a fucking madhouse very single weekend and every cart stuffed with $400 worth of shit. Everything is Truly Awesome.
But that is just a single tree in a vast forest…and trees rot from the inside out. Everything looks fine until one day it topples.
What you are seeing is the last gasp, the last peak of a dying empire. The Fed (all the worlds central banks) pulled of the greatest magic trick of all time during the past 8 years. They kept everyone’s con. And that is the funny thing about economies, they can and do run (for a time) entirely on confidence. However, at the heart, the very foundation of this Tower of Babel, are realities that cannot be ignored or avoided or faked. Diminishing returns on energy and complexity destroy Empires; such has it been throughout human history and every single empire has collapsed. There has never been an empire more complex nor more dependent upon huge amounts of easy energy than the American Empire in the 21st century.
It will collapse and it will collapse from a high point, that’s how this goes. The charts Admin shows are telling of the fundamental decay and of the lies being told to keep the house of cards not just standing but growing ever higher. Your comments come from looking at the bark of one tree and declaring the forest to be robust and healthy.
Costco for the munchies.
Robert (QSLV)
Well Done!
It’s all about the buybacks. Borrow money, buy back your own stock, and use your media propaganda arms to convince the suckers that there is actually growth. It works well enough to keep the gravy train rollin along. If you need proof that humans evolved from monkeys this is pretty much the best you will get.
Right about the buybacks
See the article above The Dumbest Dumb Money Finally Gets Suckered In
The correlation between buybacks of S&P stock and the S&P is incredible between 2010-2016
I will just say that in my business (food, beverage) there is a lot of capital spending occurring, but it is limited to specific segments. There is little growth in dairy, but there is a lot of it in bottled water, protein drinks, tea and other beverage products. Probiotic drinks are pretty hot right now.
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There is a pretty new company called Fair Life that produces an engineered milk product. They take producer milk and using membranes separate it into its components and then blend them back to create specific products (high protein, low fat, low lactose or any combination. Their sales last year were up 160% and I suspect that products of this type are the future of the fluid milk market since it’s hard to get people to drink more milk when, coming from huge factory dairies, it is of such shitty quality. Oh well, the FDA can go beat up on a few more Amish for selling quality raw milk…
Anonymous must be a machine. You have to be programmed to write something so obviously contrary to the truth. Unlike the presstitutes that can be seen at CNN and FOX. They lie for money.
Thanks for the charts that confirm the truth they try so hard to hide.
Blessings:-}
Wouldn’t that new (and expensive) product growth indicate a more prosperous public that can afford them more easily?
The Kim Kardashian economy was built on tweets and paparazzi pics. You don’t get to share in the spoils of fame and fortune but you get plenty of updates on how good the rich have it. Kim’s income is up to $15 Mil! Happy days are near again.
EC
In Florida ( and probably other states as well) the eligibility for Food Stamps became more rigorous as the ‘official’ unemployment rate fell. Now an able bodied adult is only eligible for 3 months per year. After that you do without.
The y axis is percent change from the prior year. So as long as it is positive there is an increase. So the chart is not direct tax receipts so it is not really as bad as you are trying to insinuate.
Also only 50% pay any taxes, and they will be looking to pay as little as possible, so a higher flying market does not mean higher taxes. Maybe there were r&d or other writedowns thAt became more timely now?
Yes the buybacks were stupid . Look at GE for a perfect example, no more money available for dividend but they increased the stock price for the CEO to cash out. No innovation there.
The market increase is based on 30% tax reduction/10% increase profit. if it does not happen then a precipitous fall will take place. Then we will see reality. Of course interest rates way below inflation are fueling the fire , no news there either. Should be priced in already too.
The Illusion is painted by a great, gifted Master…Debt.
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The sidewall bulge is Mordor on the Potomoac, the tire is reality and the air is credit.
HTH
What causes Reality to fall flat? What natural law applies? That tire will burst when a weak spot is punctured OR when the pressure against the bubble walls passes the tensile strength (am not sure tensile is the correct term for elasticity) of the material in the weakened tire.
However, what causes Reality to burst in a world where the pressure (credit) is created with fiat money that doesn’t necessarily represent true value?
HF, I highly recommend you change that tire pronto. The tread might still be good but if you notice, there’s a dangerous looking bulge on the side. It could blow at any time.
EC
Great detective work Jim! Add this to the mix.
How to Give a Central Banker a Nervous Breakdown in 13 Minutes – Andrea Iravani
How the Offensive Charmlessness of the Media and DNC is Alienating Voters – Andrea Iravani
Well…charts can’t be any better than the “data” used to generate them. State data (oxy)generators are untrustworthy, to put it mildly.
Which is not to say charts can’t be traded. But it is to say that value generated from charts has nada to do with the “data”\data they contain.
This holds even when data is scrupulously accurate (which it never is, not even close, from this source).
This holds across domains. Your medical chart, for example. This means that? Really? Docs Pangloss, Strangelove, & Mengele – languageers all – got ya’ right where they want ya’. But if so, that’s right where you wanna’ be, too.
(The release of JFK files…so what? The truth may be out there, somewhere, but it most assuredly is not in “the files.”)
And…patterns are slatterns that’ll roll you, empty your pockets, if you let “them”… which is to say if you let yourself…which is really to say ‘I yam what I yam.’
If eyes pop at patterns projected, & those are mistaken for standing alone & objectively “out there,” well, that’s just the way it is.
Mirror, mirror on the wall…opposite the cask of amontillado. Poetry (is) in (the) motion that immurement is all about stilling.
And facts can surfactant ya. buy the rumor, sell the fact, keep the board waxed.
Never underestimate the power of a question. Good statistical sleuthing, Jim, I posted it on SLL. You’re on a roll lately. Saw you made Lew Rockwell the other day. Congrats.