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Consumer spending, on whole, is more than $13 trillion

Posted on: January 29, 2025 at 21:28:06 CT
Spanky KU
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So 25% is too high

Consumer spending refers to all consumption final goods and services for current personal and household use, and includes both necessities and discretionary purchases.

Consumer spending, on whole, is more than $13 trillion, making up around 70% of the American GDP.

and yes. That includes housing

https://www.investopedia.com/surprising-trends-in-american-spending-habits-8750291

Edited by Spanky at 21:39:30 on 01/29/25
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Effective US Income Tax Rates - haeffb MU - 1/29 16:53:18
     What about his proposal for an External Revenue Service (ERS - JeffB MU - 1/29 20:35:35
     Where did you get those, they don't look correct - TigerFan92 STL - 1/29 20:11:48
     income tax revenue $2.2T, Payroll Tax revenue $1.7T - tigerinhogtown STL - 1/29 18:04:06
          Consumer spending, on whole, is more than $13 trillion - Spanky KU - 1/29 21:28:06
     RE: Effective US Income Tax Rates - MOCO SON MU - 1/29 17:57:55
          50% HorsePuckey. - raskolnikov MU - 1/29 18:08:02
               RE: 50% HorsePuckey. - MOCO SON MU - 1/29 19:28:19
               And they get it refunded(nm) - Wildcat KSU - 1/29 18:27:35
               I have several employees that have 0 income tax withheld - tigerinhogtown STL - 1/29 18:10:00
                    He does, but gives them equal weight and ignores the fact - Bulldog Bob Brown STL - 1/29 18:32:51
                         Income over $176,100 - haeffb MU - 1/29 18:45:53
                              Correct. My error(nm) - Bulldog Bob Brown STL - 1/29 19:08:51
                         Wrong again huh Bobby Brown - raskolnikov MU - 1/29 18:44:36
                              RE: Wrong again huh Bobby Brown - MOCO SON MU - 1/29 19:45:21
                                   Congress has not stoeln $ from Soc Sec - sks MU - 1/29 22:52:26
                              You are correct, it is capped. And you want that cap - Bulldog Bob Brown STL - 1/29 19:06:01
          Yes. (nm) - haeffb MU - 1/29 18:03:05
     That 'analysis' doesn't account for the wealthy that - Spanky KU - 1/29 17:18:36
          What rate do you think is equivalent to - haeffb MU - 1/29 17:20:08
     Is that based on current spending....nm - tigertix MU - 1/29 17:11:23
          No, it’s based on current revenue, as it says. - haeffb MU - 1/29 17:15:57
               No, reduce spending and reduce rates and the economy will - tigertix MU - 1/29 17:25:59
                    Nice slogan. You can - haeffb MU - 1/29 17:28:51
                         One scenario is theft - Bosalphus KC - 1/29 17:41:43
                              Taxation is theft - haeffb MU - 1/29 18:02:28
                                   RE: Taxation is theft - sks MU - 1/29 18:03:24
                                        Do you let the gov't tell you what to spend - Bosalphus KC - 1/29 18:04:00
                              RE: One scenario is theft - *M* KC - 1/29 17:50:36
                                   lol moron(nm) - Calca STL - 1/29 18:14:55
                                   Oh so I can choose to keep those dollars? (nm) - Bosalphus KC - 1/29 18:01:01
                                   I go to jail if I don’t pay(nm) - tman MU - 1/29 17:58:13
                         Taxation is theft, especially when you spend $50M on - tigertix MU - 1/29 17:33:55
                              RE: Taxation is theft, especially when you spend $50M on - sks MU - 1/29 18:59:57
               Revenue should be reduced - Bosalphus KC - 1/29 17:22:37
                    Revenue can be reduced - haeffb MU - 1/29 17:26:35
                         Both scenarios impact the rich/poor differently - Bosalphus KC - 1/29 17:39:35
                              Some of us just have philosophical differences - sks MU - 1/29 19:32:55
                         You’re missing the point. It is the goal of the Trump cult - *M* KC - 1/29 17:31:51
                              RE: You’re missing the point. It is the goal of the Trump cult - THEGROVE68 MU - 1/30 03:23:44
                              Every individual should be able to keep the money - Bosalphus KC - 1/29 17:40:59
                                   You might have something there, if you agree - *M* KC - 1/29 17:48:44
                                        I'm advocating for a fair tax - Bosalphus KC - 1/29 17:50:15
                                             Which is fine - haeffb MU - 1/29 18:00:58
                                                  The other night the threshold was $50k - Bosalphus KC - 1/29 18:01:46
                                                       Likely closer to the $250k mark - haeffb MU - 1/29 18:04:47
                                                            How do you figure? - Bosalphus KC - 1/29 18:06:17
                                                                 If you make $20k - haeffb MU - 1/29 18:17:09
                                                                      RE: If you make $20k - THEGROVE68 MU - 1/30 03:26:51
                                                                      Do you know what that specific person - Bosalphus KC - 1/29 18:28:51
                                                                           Nope. Do you? (nm) - haeffb MU - 1/29 18:46:46
                                                                                Your lack of an answer is telling - Bosalphus KC - 1/29 18:53:26
                                                                                     I didn’t argue against a fair tax. - haeffb MU - 1/29 19:58:44
                                             RE: I'm advocating for a fair tax - *M* KC - 1/29 17:52:12
                                                  It's been referred to as the fair tax for years - Bosalphus KC - 1/29 18:00:19
     and? (nm) - Bosalphus KC - 1/29 17:10:54
     I like the formatting of this one, but the Spirit and heart - CulturedDan MU - 1/29 17:06:56
          I consider Politics equivalent to the Test board (nm) - haeffb MU - 1/29 17:15:06




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