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Comprehensive Annual Financial Reports (CAFRMAN.com)

Government (Senators; Congressmen; Governors, Fed, State and Local) have promoted budget reports to the public and budget reports primarily show where tax income is taken and then applied. Also a budget report is designed around a one year projection. With government doing this they have created the impression they survive off of tax income. And yes the state treasurer and legislators know this more or less based on their degree of involvement with the investment funds and enterprise operations.

The true accounting is the CAFR (Comprehensive Annual Financial Report). The CAFR shows gross income for the whole picture. Tax; investment; and enterprise. Additionally it is not showing "for the year" but the end result of decades of growth. When a CAFR is completely digested in many cases a local government is bringing in more each year from investment income then tax income. Keep in mind what taxation is, it is a revenue source just as investment and enterprise income is also.

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    AZMOMAZMOM shared this idea  ·   ·  Flag idea as inappropriate…  ·  Admin →

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      • AZMOMAZMOM commented  ·   ·  Flag as inappropriate

        It would seem that there is plenty of money to run the country. We just need to demand govt accountability. Throw the bums out.

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