Securities Industry Tax Payments

Here comes the rain again
Raining on my head like a tragedy
Tearing me apart like a new emotion
--Eurythmics

Interesting series by Jason Goepfert showing historical tax payments by NYC securities firms.

Soaring tax payments from the securities industry in New York City, superimposed against the S&P 500.

Best-case: it's a jump to a new tier like 1999 or 2006
Worst-case: it's a blowoff like 2001, 2007-08, 2015 pic.twitter.com/j3a57ZK0fD

— SentimenTrader (@sentimentrader) September 17, 2018

Previous highs in tax payments have corresponded to market tops.

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