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To: lewislynn

You haven't been paying atention, Looey.

The amount of taxes collected from the higher prices under the embedded taxes of the present system are actually quite small. I gave an example of a $100 purchase that ended up with (very generously) a $3.75 tax revenue amount which, under the FairTax, would have been $23.00.

The tax "contribution" of an income tax system is on the profit involved which is even smaller than the higher prices caused by the tax cascading. One determines that using arithmetic, BTW.


341 posted on 07/24/2005 1:49:04 AM PDT by pigdog
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To: pigdog; Your Nightmare; phil_will1; Principled; ancient_geezer; Always Right; rwrcpa1; kevkrom; ...
Just though you'd like to know pigdog has fimally admitted the truth of "imbedded" taxes.
pigdog #341: The amount of taxes collected from the higher prices under the embedded taxes of the present system are actually quite small.

350 posted on 07/24/2005 9:26:17 AM PDT by lewislynn ( Is calling for energy independence a "protectionist" act?)
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To: pigdog; Your Nightmare; Principled; kevkrom; Always Right; ancient_geezer; phil_will1; rwrcpa1; ...
Hey Willie Green do you still have that choice quote on home ownership bi Lapdog?
The amount of taxes collected from the higher prices under the embedded taxes of the present system are actually quite small.

----

The tax "contribution" of an income tax system is on the profit involved which is even smaller than the higher prices caused by the tax cascading....

Double talk or contradicting yourself? One or the other for sure.

There is no "tax cascading" but if you think you can prove there is by using your 2+2=5 "arithmetic", let's see your new math...You can be the first.

Oh, BTW use any kind of math you want but 7.65% of one employee's wage or 7.65% of 10 million employee's wages is still only 7.65% of all wages.

377 posted on 07/24/2005 4:42:45 PM PDT by lewislynn ( Is calling for energy independence a "protectionist" act?)
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