Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: John Madarasz who wrote (83639)	3/21/2001 9:19:01 PM
From: Mark Adams	of 436258

Observations on Personal Income between 1990 and 2000, Table 2.1 + More people working has boosted FICA withholdings + Interest payments have grown from 2.28% (94) to 3.03% (00) of disposable personal income, after falling from 2.7% (90). It would appear the personal interest coverage ratio, on a gross level has not grown to extreme. + Interest and Dividend Income represent appx 17% of personal income vs 57% wages. I was concerned that rate cuts might actually reduce personal income, and it's quite likely that this will occur to some extent. + Taxes as a percent of Disposable income have increased from 19% (90) to 23.6% (00). Gross Income, 16% (90) to 20% (00) Bracket Creep, higher employment, taxes on gains, taxes on Roth conversions? bea.doc.gov

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