Oh and as to "errors":
Your take home pay was increased by 20% per Rob's assumptions
I missed that Rob assumptionBUSINESS COSTS: If we assume that businesses get to keep their half of the payroll taxes (7.65% of all payroll costs up to first $95k per employee), plus taxes on corporate profits (average <2% of Cost of Goods sold) and some tax compliance savings (being generous we'll call this 1% savings), this gives the business about 8% of cost savings with which to potentially reduce prices.
I told you I don't have "wage costs" and I also don't want the FCA. Sorry no savings there.
Using your numbers:
My take home under the income tax was $216,000 AFTER TAXES... My take home under your scam is $257,000 BEFORE taxes or $198,000 AFTER TAXES or .
Under your two scenarios $84,000 (14% of the gross) was collected from my business activity under the income tax...Under the sales tax $158,000 PLUS another $59,000 (when I spend my money) or a total of $355,890...OR 52% of the even higher gross was collected.
So, using your numbers including the HUGE 20% increase "error" my net takehome as well as lower "non-wage costs" was an even smaller percenatge of a 14% increase in prices
Bottom line is your entire assumption is either a gross mistake or a pathetic lie...you can't even make the numbers work when you make them up yourself...Here are your numbers. You refused to provide numbers, so don't complain about these.
Those are NOT my numbers. Don't blame me for your idiocy because I chose to not furnish you with my personal financial information on a public forum.
[Under the sales tax $158,000 PLUS another $59,000 (when I spend my money) or a total of $355,890...OR 52% of the even higher gross was collected.]
And you wonder why people ridicule you for your lack of math skills. $158K + $59K = $217K collected. And the $158K was not paid by you, but by your customers. To get a percentage of the total income involved, your denominator would need to include all the incomes of your customers -- so they had the money to purchase your products.
If you want to compare the taxes collected under the PIT vs. the FairTax, then you need to include all the numbers. Implied was $30K of embedded taxes that you paid under the PIT when you paid your non-wage expenses. You also paid 10% of the $216K take-home pay as embedded taxes when you spent it. So your total taxes under the PIT was $24K + $60K + $30K + $22K = $136K and your customers paid $200K PIT in order to have $600K after-tax money to buy your products. So the PIT total taxes collected were $336K.
But your focus on the taxes collected is all nonsense.
Ask yourself this question: Would you rather have a job that pays $75K and your taxes total $25K, or would you rather have a job that pays $200K but total taxes of $100K ? Do you really care that the higher paying job paid 4x as much in taxes, or are you going to focus on the $100K vs. $50K after-tax income ?
The proper focus is the purchasing power comparison between the PIT and FT. My example held your purchasing power identical between the two.
BTW, what is it that you think somebody could do with information about gross, profits, etc. of an anonymous poster's business ?? I didn't ask you to post your tax return, SS#, etc. Your paranoia always surprises me.