you are forgetting two things that you yourself taught me- compliance costs and taxes embedded in production goods...You must have me mistaken for someone else. I'm the one who thinks the compliance cost is grossly overstated and that labor and capital holders pay most of the corporate income tax.
no- your estimate was 8% of prices was embedded tax...and you used lower than normal compliance costs.
regardless, that 8% (whether accurate or not) was omitted from the scenario