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To: BelowTheCrowd who wrote (17719)8/6/2004 6:11:57 PM
From: michael97123  Read Replies (2) | Respond to of 95632
 
I once started a new business with a loan to it from me. I repayed the loan to me first before i ever showed income, although initially my business was quite profitable.
Other folks work for cash. I pay a cleaning person $75 a week for four hours of cleaning. Dont think any of it is reported. She does 2 homes per day/ 6 days per week. She nets $150 per day X6= $900/week. If she were on someones payroll thats the equivalent of about $1500 per week/75k per year. There are thousands and thousands of folks in new small business and in cash business who are under the radar. FWIW. Mike



To: BelowTheCrowd who wrote (17719)8/6/2004 6:13:02 PM
From: Nancy  Read Replies (1) | Respond to of 95632
 
I would imagine the withholding figures are the most "reality reflecting" numbers. That number cannot be fudged, mis-represented or what have you.

the tax receipts from payrolls and from retail sales are often a very accurate measure of how the economy is doing.

I wonder why we haven't heard much about it.