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To: Your Nightmare
you will collect the sales tax from the buyer - so your prices remain constant to the buyer

+30% tax.

Presently, a $100.00 gross sale would be minus any income taxes due, the balance is mine.

After a sales tax, the same $100.00 gross sale would be minus 23% with only $77.00 left to spend...

$77.00 minus 23% taxes yet to pay when I want to, or have to spend it.

My $100.00 gross sale after the sales tax would be taxed at 41%...The remaining $59.00 would have to include the cost of the goods sold, profit, wages etc.

64 posted on 09/19/2004 2:39:10 PM PDT by lewislynn (Why do the same people who think "free trade" is the answer also want less foreign oil dependence?)
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To: lewislynn

Presently, a $100.00 gross sale would be minus any income taxes due, the balance is mine.
=======
you have omitted other areas of savings in your operations - all of the stuff you buy in production will be cheaper.

So whatever profit margin you require (hence the $100 price) can still be obtained with a lower price.


68 posted on 09/19/2004 4:02:52 PM PDT by Chilldoubt
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