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To: ancient_geezer
Remainder federal tax components affecting price = (2,025 - 1,460) = $565 billions

Adjust for a conservative $800 billion cost of tax compliance, (The Flat Tax; Hall & Rabushka, '95,What the Income Tax Costs the American People: quoting James L. Payne estimates 65cents for each dollar of revenue collected)
In one line you're saying the corporate tax is $565 billion. In the next line you're saying compliance costs are 65% of every dollar collected and somehow conclude that equals $800 billion. Isn't 65% of $565 billion equal to $367 billion?

Try to stick with the truth, AG.
232 posted on 08/29/2004 6:54:30 AM PDT by Your Nightmare
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To: Your Nightmare

In one line you're saying the corporate tax is $565 billion. In the next line you're saying compliance costs are 65% of every dollar collected and somehow conclude that equals $800 billion.

Business overhead is higher in proportion to tax revenues collected from them, than individual experience.

Data in Payne's book, and what you can find in The Flat Tax; Hall & Rabushka, '95, indicates that by far the greatest burden lay on businesses and a much lessor proportion of the total on individuals.

Isn't 65% of $565 billion equal to $367 billion?

The business portion is roughly 2/3rds of of the total burden individuals and non-profits making up the remainder. The $800 billion is nothing more than that 2/3rds of the total economic burden for both business & individual rounded down to a single digit of precision to provide a conservative value for impact on business costs.

Try to comprehend the material in the links provided instead of creating an adhoc argument sometime

237 posted on 08/29/2004 7:50:25 AM PDT by ancient_geezer (Equality, the French disease: Everyone is equal beneath the guillotine.)
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