April Tax Drain

Published on April 15, 2024 by Premium

This post explains the mechanics behind the annual April tax drain and why it sometimes impacts funding markets. Federal income taxes are collected quarterly for businesses, but most individual taxpayers pay their annual income taxes on April 15th. This means that as much as several hundred billion in funding is shifted around in the financial system in a short period of time. While the event is well telegraphed, it can have impacts on funding markets […]

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