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To: Principled
Of course the vast majority of those embedded taxes are by far income and payroll taxes on the employees wages. There aren't any other significant sources of taxes. (Compliance is at most 1% of business costs)

2004 IRS COLLECTIONS source: IRS Publication

TOTAL IRS COLLECTIONS $2,018,502,103
INDIVIDUAL INCOME TAXES $990,248,760
TOTAL PAYROLL TAXES $717,247,296
TOTAL INCOME & PAYROLL $1,707,496,056 (84.6% of taxes collected)
TOTAL CORPORATE TAXES $230,619,359 (11.4%)
TOTAL ESTATE TAXES $24,130,143 (1.2%)
TOTAL GIFT TAXES $1,449,319 (0%)
TOTAL EXCISE TAXES $54,807,225 (2.7%)

303 posted on 02/12/2006 4:02:05 AM PST by RobFromGa (In decline, the Old Media gets more shrill, thrashing about like a dinosaur caught in the tar pits.)
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To: RobFromGa
Of course the vast majority of those embedded taxes are by far income and payroll taxes on the employees wages.

I'm not saying I agree with you, but assuming such... did Jorgenson include the elimination of said payroll taxes in the study you love to quote?

Second attempt to get you to answer....

305 posted on 02/12/2006 6:05:42 AM PST by Principled
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To: RobFromGa

It undoubtedly will surprise you to know that the figures do not show embedded taxes at all.

You really don't understand what is involved and your post shows this very clearly. You should stop blabbering such nonsense about something you do not understand.


339 posted on 02/12/2006 8:54:31 AM PST by pigdog
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