[Marxism] The complexity of accounting for US national income

["Jurriaan Bendien" <andromeda246@xxxxxxxxx>]

To show you the complexity of accounting for national income, and the
difficulty of devising a system of transactors that shows you without myth
"who gets what and how much from whom" in society as a whole, I've itemised
the main national income flows for the USA in 2002 using mainly data drawn
from different tabulations in the NIPA system, emphasising in this exercise
personal income receipts (but I've also included the government tax take).
Some totals are provisional. To estimate the real tax impost on different
income classes accurately, would take a lot of work and some modelling.
Meantime you can only admire the NIPA team for their work - as you can see
in NIPA table 7.12, the system involves a lot of imputations, and to really
master the NIPA system takes many months of work.

U.S. NATIONAL INCOME 2002

1. DIRECT SALARY INCOME (GROSS)

Private sector domestic gross wage & salary income (non-farm) $4,096 billion
Government non-military employees gross wage & salary income $800.8 billion
Government military personnel gross wage & salary income $61.8 billion
Farm workers gross wage & salary income $17.7
Gross wage and salary receipts from abroad $2.9 billion

2. EMPLOYER CONTRIBUTIONS

Employer contributions to private health insurance plans $388.8 billion
Employer contributions to government retirement benefit plans $367.8 billion
Employer contributions to private retirement benefit plans $162.6 billion
Employer contributions to government health insurance plans $70.5 billion
Employer contributions to government workers compensation schemes $60.5
billion
Employer contributions to private workers compensation insurance schemes
$47.5 billion
Employer contributions to government unemployment insurance schemes $29
billion
Employer contributions to private group life insurance schemes $12.3 billion
Employer contributions to private unemployment insurance schemes $1.7
billion

3. PROPRIETORS INCOME (GROSS)

Non-farm proprietors' gross earnings $759.9 billion
Farm proprietors gross earnings $9.7 billion

4. PERSONAL INCOME FROM FEDERAL SOCIAL BENEFITS

Federal Old-age/survivors/disability/ benefit receipts $446.6 billion
Federal Hospital and supplementary medical insurance benefit receipts $446.6
Federal Government unemployment insurance benefit receipts $53.5 billion
Federal Government veterans benefit receipts $31 billion
Federal Food stamp benefit receipts $18.7 billion
Federal Railroad retirement benefit receipts $8.7 billion
Federal Pension guaranty benefit receipts $1.7 billion
Federal Workers compensation benefit receipts $2.4 billion
Federal Supplemental security income benefit receipts $29.9 billion
Other Federal benefit receipts $30 billion

5. PERSONAL INCOME FROM STATE & LOCAL GOVERNMENT BENEFITS

State & local government medicaid benefits $250.1 billion
State & local government family assistance benefits $17.7 billion
State & local government workers compensation benefits $10.3 billion
State & local government other medical care benefits $8.6 billion
State & local government temporary disability insurance benefits $3.6
billion
State & local government supplemental security income benefits $4.8 billion

6. DIVIDENDS AND UNDISTRIBUTED PROFITS

Dividend income of persons $387.5 billion
Dividend income received from abroad $85.4 billion
Undistributed private domestic profit income of corporate equity holders
$185.5 billion
Undistributed profits on US foreign direct investment, retained overseas
$120.6

7. INTEREST INCOME

Interest income of persons $946.7 billion

8. ROYALTY INCOME

Royalty receipts $11 billion

9. RENT INCOME

Tenant rents to non-farm landlords  $44.5 billion
Tenant rent payments to farmers $0.7 billion
Farms rents to non-operator farm owners $4.8 billion
Rents on non-farm, non-residential properties $0.8 billion
Tenant rents to owners of non-profit institutions $2.4 billion
Imputed rents $117.9 billion

10. BUSINESS DISBURSEMENTS TO PERSONS

Insurance payouts to persons by business $33.7 billion
Corporate donations to nonprofit institutions serving households $10.4
billion

11. INCOME FROM CAPITAL GAINS

Income from realised capital gains for tax purposes $246.8 billion

12. FEDERAL TAX INCOME

Federal payroll income tax $735.6 billion
Federal corporate income tax $118.9 billion
Federal personal income tax settlements after rebate $95.6 billion
Federal gasoline and diesel tax $30.7 billion
Federal Reserve Banks tax $24.5 billion
Federal air transport tax $10.4 billion
Federal customs duties $19.9 billion
Other federal tax on production and imports $26.3 billion
Federal tax from the rest of the world $7.1 billion

13. SOME OTHER GOVERNMENT INCOME

Government interest & related receipts $99.8 billion
Net current transfer receipts of government from persons $59.5 billion
Net current transfer receipts of government from business $46.7 billion
Government dividends income $2.1 billion
Federal net profit income $2.8 billion
State and local government profit income $3.3 billion

14. STATE & LOCAL GOVERNMENT TAX INCOME

State sales tax $329.1 billion
State & local enterprise property tax $286.4 billion
State & local income tax $199.6 billion
Local government sales tax $62.6 billion
State & local motor vehicle licenses $6.9 billion
State & local personal property tax $5.1 billion
State & local special tax assessments $4.9 billion
State & local severance tax $4.4 billion
State & local other taxes $38.5 billion

Jurriaan





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