Personal Income DROPS across the country (statistics, compared, federal, California)
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As I ALREADY explained - what it means is that in January income tax from 2009 that was not withheld at the time but was was instead paid in January. As a result, chances are that's a one month break in the pattern and February will likely see positive disposable income again just as the previous months had.
"The decrease in DPI reflected an increase in federal nonwithheld income taxes."
In other words - it's the taxes from LAST YEAR that was owed but payment was put off until the new year.
Ken
the numbers should actually be better than they are -given the fact that government wage and salary disbursements increased $6.1 billion, compared with an increase of $2.7 billion. (the month previous) Pay raises for federal civilian and military personnel added $7.1 billion to government payrolls in January.
the government is trying like crazy to pump money into the system. how long do you think that is sustainable????
we are still in a recession, with rising unemployment, and the government is handing out pay raises.
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