Monthly Comparison of Corporate Income Taxes Paid (In $Millions) Orange highlight indicates monthly payments lower than same period in prior year, green highlight indicates greater payment.
Note: The trend of falling corporate income tax payments and therefore likely corporate earnings remains intact. With only $13B paid in March, April will need to be a huge month just to catch up. There are no precedents for such low payments in March with a massive April makeup. We'll know more when the April report comes out in mid May, but this doesn't look good. This looks scarily similar to what we saw in 2008. Back then it took 12-15 months for anyone to realize just how bad things were. Looks like a repeat, and we are over 12 months into this earning recession with a skyrocketing stock market. LOOK OUT!!!!
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