RE: I don't comprehend the GDP nuembrs at all!Story in the PI the other day that tax receipts were $105 million lower than expected for the state in Jan. This is just lowering lowered expectations. Most tax receipts for the state come from sales taxes. Say the whole $105 million was lowered sales tax receipts. At a rate of 6.5%, that means sales throughout the state were around $1.5 Billion less than expected. Multiply that by 12 for a yearly rate of $18 Billion of lowered retail sales for the year for the state of Washington. Multiply the $18 Billion by 50 states and thats $900 Billion.A very simple and unscientific analysis, but you get the idea. Where is the recovery? Rate this comment: 0 0

by Roxana 06:23:47 AM 2012.07.26