Income Tax Withholding Tracker: July 13-July 17 [EconTax Blog]

Jul 17, 2020 - Income Tax Withholding Tracker: July 13-July 17 [EconTax Blog] Income Tax Withholding Tracker: July 13-July 17 July 17, 2020 Brian Uhler Bottom Line:   California income tax withholding slumped a bit this week but total collections since mid-March remain only about 2 percent below the comparable period in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/497

U.S. Retail Sales: June 2020 [EconTax Blog]

Jul 16, 2020 - For example, sales by bars and restaurants —another major source of sales tax revenue —were down 26 percent compared to the same time last year.  
https://lao.ca.gov/LAOEconTax/Article/Detail/495

Income Tax Withholding Tracker: July 6-July 10 [EconTax Blog]

Jul 10, 2020 - Income Tax Withholding Tracker: July 6-July 10 [EconTax Blog] Income Tax Withholding Tracker: July 6-July 10 July 10, 2020 Brian Uhler Bottom Line:   California income tax withholding was surprisingly high this week and is now within 2 percent of the comparable period in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/494

Income Tax Withholding Tracker: June 29-July 3 (UPDATED) [EconTax Blog]

Jul 6, 2020 - Income Tax Withholding Tracker: June 29-July 3 (UPDATED) [EconTax Blog] This post is updated to include withholding data from Friday July 3rd.     Bottom Line:   California income tax withholding continues to run about 3 percent below the comparable week in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/490

Income Tax Withholding Tracker: June 22-June 26 [EconTax Blog]

Jun 26, 2020 - Income Tax Withholding Tracker: June 22-June 26 [EconTax Blog] Income Tax Withholding Tracker: June 22-June 26 June 26, 2020 Brian Uhler Bottom Line:   California income tax withholding appears to have settled in at a level about 3 percent below the same period in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/488

Income Tax Withholding Tracker: June 15-June 19 [EconTax Blog]

Jun 19, 2020 - Income Tax Withholding Tracker: June 15-June 19 [EconTax Blog] Income Tax Withholding Tracker: June 15-June 19 June 19, 2020 Brian Uhler Bottom Line:   California income tax withholding appears to have stabilized, with aggregate collections over the past five weeks almost exactly matching the comparable weeks in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/483

U.S. Retail Sales: May 2020 [EconTax Blog]

Jun 16, 2020 - May 2020 U.S. retail sales show significant rebound from April decline.
https://lao.ca.gov/LAOEconTax/Article/Detail/481

Income Tax Withholding Tracker: June 8-June 12 [EconTax Blog]

Jun 12, 2020 - Income Tax Withholding Tracker: June 8-June 12 [EconTax Blog] Income Tax Withholding Tracker: June 8-June 12 June 12, 2020 Brian Uhler Bottom Line:   There has been a notable improvement in income tax withholding recently, with collections in each of the last three weeks coming in ahead of the comparable weeks in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/479

The 2020-21 May Revision: Analysis of 2020-21 May Revision IHSS Budget

Jun 9, 2020 - We note that this cost includes things other than wages and benefits, such as certain associated taxes and administrative costs. The increase in the weighted average of provider hourly wages in 2019 ‑20 largely reflects the inclusion of locally negotiated provider wage and benefit increases not captured in January estimates.
https://lao.ca.gov/Publications/Report/4253

Income Tax Withholding Tracker: June 1-June 5 [EconTax Blog]

Jun 5, 2020 - Income Tax Withholding Tracker: June 1-June 5 [EconTax Blog] Income Tax Withholding Tracker: June 1-June 5 June 5, 2020 Brian Uhler Bottom Line:   Total income tax withholding since March 23 is down about 4 percent compared to last year, and this week ’s collections were very close to the comparable week in 2019 .
https://lao.ca.gov/LAOEconTax/Article/Detail/477