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To: phil_will1; groanup; OHelix
I don't know where your numbers come from, so I can't really comment on that.
Sorry, those were from 2003 and were my own calculations. Since I know you won't trust them, so let's use 2001 numbers.

I got the FairTax base from the American Farm Bureau analyis on FairTax.org. I added the exports from NIPA and divided the corporate income tax from Treasury's website by that sum.
FairTax Base:    $7,904 billion
Exports:       + $1,034 billion
===============================
TOTAL:           $8,937 billion

Corp Inc Tax:    $  151 billion


     151 / 8,937 = 1.69%

So, in 2001, the corporate income tax was only 1.69% of "prices." There is obviously something wrong with your model. Probably that you are assuming the business sets the price and can "embed" their taxes. Not too many businesses get to set their price, that is a function of market equilibrium.
1,198 posted on 02/02/2005 2:08:00 PM PST by Your Nightmare
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To: Your Nightmare; OHelix
So, in 2001, the corporate income tax was only 1.69% of "prices."

Hence the view some economists have that wages would have to drop if prices drop.

1,201 posted on 02/02/2005 2:29:30 PM PST by groanup (http://www.fairtax.org)
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