Underground Economy

The Underground Economy is the untaxed labor of millions of people around the world. In the United States, it is most commonly known for people working under the table. This means that these people earn a flat rate of pay, whether it be hourly or otherwise, that never gets taxed by the state or the nation's government. Their pay is still taxed by the goods they buy or the things they may own, but their income is untaxed. This can be a very good thing, especially if you are the one getting untaxed income. It helps many people survive. These people either can't get an official job or choose to work under the table. However, it is detrimental to the government. It prevents the government from collecting a percentage of that income that could help the country and/or state better its economy or environment. In the United States, the Underground Economy accounts for 7% of the nation's GDP all of it tax-free. In my opinion, I feel it will never be completely stopped even though it is detrimental to the nation.