Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article

To: Mark was here

The prebate is factored into the rate calculation, just as exempting “necessities” would narrow the base, necessitating an increase in the rate.

When I’ve explained the rate difference to groups, I always start with the $1.00 example I gave you. When I ask what the rate of the tax is, they ALWAYS respond: “23%.” When I explain that if they want to spend $1 on goods and they will have to pay 30 cents in tax, and I ask what the rate is, they ALWAYS respond “30%.” After saying, “But wait a minute, you just told me the rate was 23%!” I launch into a discussion of tax inclusive rates vs. tax exclusive rates.

THERE IS NO INTENT TO DECEIVE, only a genuine desire to provide a valid basis of comparison to the income tax.


46 posted on 02/17/2008 10:44:20 AM PST by DivaDelMar (CRAm member-- (Conservative Republicans Against mcCain) Think you're entitled to my vote? CRAm It!!!)
[ Post Reply | Private Reply | To 43 | View Replies ]


To: DivaDelMar
THERE IS NO INTENT TO DECEIVE, only a genuine desire to provide a valid basis of comparison to the income tax.

Your intent is different from the known effect. Not what one would expect from something claiming to be fair.

47 posted on 02/17/2008 10:50:01 AM PST by Mark was here (The earth is bipolar.)
[ Post Reply | Private Reply | To 46 | View Replies ]

Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson