Chart In Focus

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April 20, 2018

3 Months Into Tax Relief, How It Is Going

There is a very strong seasonal pattern in the way that tax receipts come into the federal government.  The nice thing about that regularity is that it allows us to easily compare how the current year is doing versus past years. In this week’s chart, the black line represents the calendar year 2018 total federal receipts, as detailed in the Monthly Treasury Statement, or MTS.  What we find is that 2018’s receipts are running pretty similar to those of the past 4 years. This is an important point to note, because the big tax reform which was passed in the 2017… more


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