Americans are paying more taxes and that’s great news for workers
|09/23/2016||Posted by BusinessMediaguide.Com under General World News||
People don’t like paying taxes, but in some circumstances it’s for their own good.
The growth of employee tax withholdings, or the payroll taxes being withheld by the government, have been steadily increasing over the course of the year, according to Joe LaVorgna, chief US economist at Deutsche Bank. This is good news for workers and the health of the labor market.
“Through early September, tax receipts are up nearly 4% from the same period last year,” wrote LaVorgna in a note to clients. “As we can see from the chart, the annual growth rate of tax receipts has improved since this read more >>>