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Undertoad · 06-03-2007, 09:27 PM

I don't know if you can calculate the tax revenue of your average dollar, because there is in fact a massive argument over how much actual money is "out there". And with electronic funds, whether physical currency even counts any more.

How much money in dollars is out there:

M0, counting only currency: about $80 Billion
M1, counting checking accounts: $1.4 Trillion
M2, counting savings accounts, CDs, money market accounts and Paypal tip mug accounts: $7 Trillion

Meanwhile the annual fed receipts are around 2.4 Trillion per year.

06-03-2007, 09:27 PM	#3
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	I don't know if you can calculate the tax revenue of your average dollar, because there is in fact a massive argument over how much actual money is "out there". And with electronic funds, whether physical currency even counts any more. How much money in dollars is out there: M0, counting only currency: about $80 Billion M1, counting checking accounts: $1.4 Trillion M2, counting savings accounts, CDs, money market accounts and Paypal tip mug accounts: $7 Trillion Meanwhile the annual fed receipts are around 2.4 Trillion per year.