I almost choked to death while laughing with glee when I saw these two bars on yet another moronic chart from Zero Edge:
Those bars are supposed to be a tally of withholding-tax collections from the 14th week of last year and the 14th week of this year. I’m sure that it looked perfectly normal to a poser like “Tyler Durden”, but to an actual expert on the subject, such as myself, it was a blatant error. The IRS often rakes in that much in a single day, let alone a week! The actual numbers are much larger. So, to grade Mr. Durden’s work, I must award him another:
And what about Zero Edge’s readers who commented on the post, many of which took shots at me? Not a single one of them caught the error! Big, floppy clown shoes all around!
Hang your head in shame Zero Edge community!
In your collective face!
Also, let the record show that Zero Edge is still refusing to acknowledge the giant withholding-tax cut implemented in 2009. To adjust for that would make their charts look much less dire. And we couldn’t have that, now could we?
As always, the only accurate and unbiased presentation of this vital data can be found at DailyJobsUpdate.com, which is operated by your hero (that would be me in case you are confused on the subject.) And, I will have you know that I publish charts both with and without adjusting for the tax cut, which is the only honest, professional way to present the data.
P.S. In case you are wondering, there is no disaster happening with the withholding data.