April 24, 2009

The Pre-Weekend April Receipts Scoreboard

Filed under: Economy,Taxes & Government — Tom @ 4:46 pm

Here it is, through Thursday (April 23, 2009; April 24, 2008):

DTScompared042309vs042408

With five business days remaining (vs. four at the same time last year), it appears that April 2009 POR (Pelosi-Obama-Reid) Economy receipts might just get to $260 – $265 billion instead of the $250 billion I thought more likely earlier in the week. Much will depend on non-withheld collections and the size of the final days’ refund checks. Delaying disbursement of said refund checks might be a “clever” way of artificially pumping up the final number (which of course would delay or at least spread out the bad news until next month, and which we’ll be watching for during early May).

This is hardly a cause for cheer, given that it would still be a drop of 35% or so from April 2008′s “Supply Side Stunner” of $407 billion.

Share

1 Comment

  1. Regarding refunds see:
    “2009 IRS e-file Refund Cycle Chart” at
    http://www.irs.gov/pub/irs-pdf/p2043.pdf
    for Direct Deposit/Check Mailing dates for
    transmitted and accepted returns. Last minute
    filers will get May 1, 2009 refunds.
    Also see chart footnote:

    * The IRS does not guarantee a specific date that a refund will be
    deposited into a taxpayer’s financial institution account or mailed.

    Comment by Lily S — April 24, 2009 @ 6:35 pm

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.