RatLabGuy
You look like a monkey and smell like one too
- Joined
- May 18, 2005
- Location
- Churchville, MD
No it isn't. Not even close.The cash flow into the fed coffers is consistent, us pleebs (the 99%) pay in every paycheck and biz owners pay in every quarter. That's most of all fed tax payers. The over compensated fed employees can figure out a way to budget that.
See below plot of the Treasury coffers over time for FY22
source:: Weekly Market Commentary - May 30, 2023 - Clearbrook
While us pleabs pay taxes biweekly or at most monthly from our paychecks, While we're the biggest # of payers, we are less less than half of the money coming in - corporations and folks on non-salary income pay quarterly, and notoriously pay the minimum to avoid a penalty and owe the biggest chucnk of $$ in April.
Thats what causes the big bump in April.