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To: expat_panama

Here is another example showing the discrepency between the BEA’s calculation of income growth and the IRS’s http://www.shadowstats.com/cgi-bin/sgs/article/id=344

Really the IRS should have a pretty good idea, but BEA includes the hedonic “increases” in things like “free” checking and “improved” automobile fuels.


INCOME GROWTH 2002/2001

— IRS VERSUS BEA

(Not Adjusted for Inflation)


Income Category IRS GDI


Wages & Salaries -0.4% +6.8%

Interest Income -20.9% -6.4%

Dividend Income -14.9% +5.1%



310 posted on 11/26/2007 6:35:43 AM PST by AndyJackson
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To: AndyJackson
 These are the numbers that show average personal income at an all time high no matter which inflation adjustment is used. 

You were sort of saying that you saw something that should be added differently.  Sometimes in business we get to a point where words don't cut it and only hard numbers work.  Your showing what you mean with numbers would be a big help.

311 posted on 11/26/2007 7:17:57 AM PST by expat_panama
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