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To: Your Nightmare; Bigun; Principled; CSM; phil_will1

If you are trying to tell me people spend more than they make, that just doesn't make sense.

People spend more than they report for federal income and payroll tax purposes for certain, alot more.

It does well to remember there are many housholds and foreign "visitors" that do not or are not required file or report under the federal tax income/payroll tax system not mentioning 10-20% of activity outside of GDP data in underground cash income that doesn't get reported to the IRS or into BEA or BLS data series.

544 posted on 02/16/2005 11:22:01 AM PST by ancient_geezer (Don't reform it, Replace it!!)
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To: ancient_geezer
People spend more than they report for federal income and payroll tax purposes for certain, alot more.
Are you talking about "taxable income" again? Because it does well to remember that not all consumption will be taxable under the FairTax. The FCA reduces the "taxable consumption" significantly.
545 posted on 02/16/2005 11:35:28 AM PST by Your Nightmare
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