May

13

The Treasury Dept. puts out a Monthly Treasury Statement that breaks down a lot of interesting data. Mostly it's redundant information to anyone following the daily data, but this month (i.e. April) the payroll tax receipts from self-employed enterprises is a few sigmas to the upside. This April's self-employed number was 8.86 percent higher than that of 2012. The non-self-employed number was up 4.55 percent, which interestingly does not agree with the numbers reported in the Daily Treasury Statement. Recall that payroll taxes for everyone were increased 2 percent. Also note that the Daily Statement is done without human intervention, whereas the Monthly Statement has fingerprints all over it.


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