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News Link • TAXES: Federal

$2 Trillion Underground Economy May Be Recovery's Savior

• CNBC

The growing underground economy may be helping to prevent the real economy from sinking further, according to analysts.

The shadow economy is a system composed of those who can't find a full-time or regular job. Workers turn to anything that pays them under the table, with no income reported and no taxes paid — especially with an uneven job picture.

 

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