View Single Post
  #5  
Old May 13th 08, 10:23 PM posted to rec.aviation.piloting
Gig 601Xl Builder
external usenet poster
 
Posts: 683
Default Cessna 172R from Telluride to Aspen

Mxsmanic wrote:
Gig 601Xl Builder writes:

The amount of income left to an individual after taxes have been paid,
available for spending and saving.


What about food and shelter?



I don't make this **** up Anthony. That is the economic definition. Feel
free to Google it. You will find a few links that say things like food
and shelter are not paid for out of disposable income but those few
sites are wrong. Income - required payments = disposable income.

Food and shelter are not required payments because you can't put a hard
number on them. If you could someone that makes a billion dollars a year
could be listed as zero disposable income. And while there are some
governments that are trying to get the tax rate to where that statement
would be true none that I know of have made it there yet.