RSS SubscribeSpiking Interest Payments on the Ballooning US Government Debt v. Tax Receipts and Inflation
By Wolf Richter – Wolf Street
Tax receipts by the federal government in 2024 are shaping up to be pretty good. In 2023, Q1 and Q2 tax receipts were crappy because capital gains taxes had plunged because 2022 had been a terrible year for investors, and when it came time to pay capital gains taxes by April 15, 2023, there weren’t a lot of capital gains to pay taxes on.
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