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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (108619)6/13/2001 7:02:01 PM
From: Mark Adams  Read Replies (1) of 436258
 
He also compares debt to Personal Disposable Income. Over the past few years, taxes paid has taken an increased bite out of gross income, reducing disposable income. This increases the debt to disposable income ratios.

From an IRS publication:

rbcassociates.homestead.com

From NIPA data:

+ Taxes as a percent of Disposable income have increased from 19% (90) to 23.6% (00). Gross Income, 16% (90) to 20% (00)

Message 15543838

While the total tax burden as percent of disposable income has increased, it has not prevented disposable income from increasing. We have tax surpluses, and the government getting a larger piece of the real pie.
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