Do you pay 33.3333% income tax on your gross rental income?
Yep, income/payoll tax burden embedded into everything I buy in support of aquiring and maintaining that property with the individual tax that gets levied on that little bit of extra income.
Nice try, no one pays on the gross. The example is for the direct tax payment, not the almost non-existent imbedded taxes.
Even the exorbitant tax rate the "economists" guessed at weren't compounded and multiplied through "the production chain". Even their phony example showed the average tax of each component was 33.6% of the gross and at the bottom the best they could reduce their price was the same 33.6%, and that incuded payroll taxes they couldn't touch if they wanted to.
Yep, income/payoll tax burden embedded into everything I buy in support of aquiring and maintaining that property with the individual tax that gets levied on that little bit of extra income.
Personal, first hand, matter of fact experience yet you still aren't able to demonstrate how it works out to even 20% on your level....
You seem to think you know all the stages, now simply show the numbers.
BTW, Where did the $800 Billion compliance cost number bandied about come from? Your own link debunks that. Besides, according to the link you provided it's a guesstimate cost for ALL taxpayers including millions of individuals whose "compliance costs" have no affect on consumer pricing.
Let me use YOUR words:
"I refer you to the section of the following article about the Income/Payroll tax system and its impact on our economy . Hidden Upstream Taxes. " paragraph 39 62."
[62] In addition to disguising the economic incidence of the upstream taxes, our still photograph of the income tax system has also conveniently covered up the costs of compliance with the system. These are not negligible. According to most estimates, compliance costs are approximately $220 billion per year. /33/ Although some estimates at the low end are about half that. There are also estimates that are twice that high. If the compliance costs are upwards of $220 billion, they amount to about $850 per man, woman, and child for paperwork, filing requirements, interpretation of the law, contesting penalties, and the other unnecessary chores associated with a protean system that makes every taxpayer a collector and accountant.