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8.B. - Page 72
<br /> welfare assistance). Deducted from this total are personal taxes (federal, state and local),
<br /> nontax payments (fines, fees, penalties, etc.) and personal contributions to social insurance.
<br /> According to U.S. government definitions, the resultant figure is commonly known as
<br /> "disposable personal income."
<br /> The following table summarizes the total effective buying income for the City, the
<br /> County of San Mateo, the State and the United States for the period 2007 through 2011.
<br /> Figures for 2012 are not yet available.
<br /> CITY OF REDWOOD CITY; COUNTY OF SAN MATEO
<br /> Effective Buying Income
<br /> As of January 1, 2007 through 2011
<br /> Total Effective Buying Median Household
<br /> Income(000's Effective Buying
<br /> Year Area Omitted) Income
<br /> 2007 City of Redwood City $ 2,275,185 $60,874
<br /> San Mateo County 23,043,253 65,262
<br /> California 814,894,438 48,203
<br /> United States 6,300,794,040 41,792
<br /> 2008 City of Redwood City $ 2,381,243 $63,326
<br /> San Mateo County 23,925,603 67,466
<br /> California 832,531,445 48,952
<br /> United States 6,443,994,426 42,303
<br /> 2009 City of Redwood City $ 2,409,628 $65,556
<br /> San Mateo County 23,835,480 69,276
<br /> California 844,823,319 49,736
<br /> United States 6,571,536,768 43,252
<br /> 2010 City of Redwood City $ 2,335,918 $62,617
<br /> San Mateo County 23,489,013 66,508
<br /> California 801,393,028 47,177
<br /> United States 6,365,020,076 41,368
<br /> 2011 City of Redwood City $ 2,351,140 $61,892
<br /> San Mateo County 23,717,577 66,434
<br /> California 814,578,457 47,062
<br /> United States 6,438,704,663 41,253
<br /> Source:The Neilson Company(US),Inc.
<br /> Commercial Activity
<br /> In 2010, the State Board of Equalization converted the business codes of sales and use
<br /> tax permit holders to North American Industry Classification System codes. As a result of the
<br /> coding change, data for 2010 is not comparable to that of prior years. A summary of historical
<br /> taxable sales within the City during the past five years in which data is available is shown in
<br /> the following table. Total taxable sales during calendar year 2010 in the City were reported to
<br /> be $1,451,454,000, a 4.6% increase over the total taxable sales of $1,387,335,000 reported
<br /> during calendar year 2009. Figures for 2011 are not yet available.
<br /> A-5
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