The 9% corporate tax on everything that you do. (Utility bill, buying anything, etc) Do you think this is high?
This would give us the LOWEST corporate tax in the free world.
Not so high now, is it?
9% SALES tax on only new items purchased.
Realistically, how many new items do you buy every month? I would say that less than 25% of our income is spent on new items - the bulk of that is food.
You pay 9% income tax and that is it if you save or invest your money.
So, no. It's not 9+9+9=27%
Not even close.
You asked how much of our retail price is the result of hidden taxes.
fairtax.org estimates that 22% of the retail price of an item is hidden taxes.
I agree