[Chilldoubt]

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

[Your Nightmare]

That was an exercise to show how silly AG's numbers were. That also assumed that the full incidence of corporate taxes is borne by consumers, which it almost assuredly is not. If there are any taxes in prices, it's impossible to put a number on them.