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My ex looser husband has had weekly incomes of over $3000. He did masonary (sp), and more recently he sells used cars. My adult son worked with him for 3 days and in 3 days, the ex made well over 3000 dollars. But, by government standards he can only pay me $13.00 a week, because he lives in poverty. The fact is the bar owner is loaded (and the coke dealer) because of my ex's income. And that is all cash business as well
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Well that's precisely why the statistic is nonsense. Its not only the under reporting of income, but they don't include many other sources of income that aren't reported on tax returns nor does it account for assets--there is simply no place that gets tracked.
I did tax returns for a few years out of college in my first job--It was not uncommon for small business owners to show little or no income even when they were accurately reporting. I can give you and example of a guy (sole proprietor) I remember specifically who made some large purchases because he got an excellent price--since sole proprietors are cash basis businesses, if a large outlay of cash occurs in a specific year, that person can show a loss or no income, which is artificial (i.e., he uses a loan or a second mortgage for the capital).
Thing is though, you try to educate some of these people and their so damn blinded by hate for Bush all they see is what the want to see. For me, it has nothing to do with Bush or whoever the hell is the next president--I make the same arguments because they are factually and statistically correct and because I understand it better having a financial background.
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Originally Posted by stormylin The poverty level is rising |
Rising from what?

If you say its risen the last few years, yes that's accurate, but its been ebbing and flowing for years--it always has and always will--depending on a number of factors. The percentage increase is too small to make anything of. My bet is the mathematical margin of error is probably at least a half percent.
And the other problem is everyone with their anecdotal stories and misperceptions. Everyone always remembers the "good old days"--especially these liberal hippie types who had their glory days in the 60s--when they were still relevant. The perception is that its much worse to today than 10 years ago--but the same perception was there 10 years ago and 10 years before that--and it will be here 10 years from now. You can't go by what you "think" is happening, you have to look at the actual purchasing power. And never in our history have so many people in this country been able to buy so much.