Actually there is a case where lewislynn may actually have to up his prices by 30%.
The key lay in the validity of an assumption involving any specific business actually paying a tax under the income/payroll tax system or for that matter having any costs related to it.
There is a whole cash sector of the economy that has no declared incomes or payrolls on which taxes are paid or for that matter even an accounting kept in order to comply with the current system.
To assume all businesses actually pay taxes or even have tax compliance costs under the income/payroll tax system is clearly be in error by IRS statistics. For it is clear many individual, small businesses actually manage to incur neither according to the IRS's investigations into the matter.
The cash sector is one of many reasons there exists a very large discrepency between what theoretically would be collected as tax revenues by the government and what it actually collects.
That is true. His statement was very specific about HIS own business and customers.
So you are saying that Lewis's statement might be a confession that he operates illegally and pays no taxes on his business ?
He would also have to have zero costs from vendors -- that is the only way he would have no savings to pass along to his customers.
I wonder what business he is in ? I suppose the above criteria would apply to a drug dealer if his drugs were imported, or a prostitute/gigolo, car thief, or any service provider employing only illegal workers.
I tend to give Freepers the benefit of the doubt, so I assumed Lewis was an above-board businessman. I'm sure he has a reasonable explanation, but I won't ask him for anymore personal info. He seemed a bit paranoid about me wanting the numbers to calculate the embedded taxes for his business.