Wisconsin native. "The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC "Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton "The only objective of Liberty is Life" --G K Chesterton "A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
This is a graph of Federal WITHHOLDING tax revenues--those derived from wages and salaries (not capgains, interest/dividends, rents.)
The decline in y/y growth began 4Q07.
Sure would be useful if the State of Wisconsin would have an on-line source for its revenue numbers, eh? At this point, only Dawn Sales-Clerk knows (?!?!?) what the Hell is going on.
Maybe.
HT: The Big Picture
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