[Founding Father]

Tax compliance costs are nowhere near this high (33.33% of costs--$5 of $15----in your example). It's very doubtful that actual taxes plus compliance would be this high.

[witchypooy]

to post #7 on tax compliance costs

Just do a google search. You will find tons of recent reports on tax compliance costs, just make sure you are looking at recent figures. 6 Billion hours of labor and $250 billion in compliance costs. This is 20-35% per industry depending. 7.65% of it is their FICA employer matching costs alone, or did you forget that?

How much do you think it costs for a good tax attorney these days? Loopholes don' come cheap. And by the way, my example was given in easy math terms to make the point.

witchypooy@aol.com

[Phantom Lord]

Included in the tax compliance cost are not only the corporate income taxes and the cost of complying with the tax code, but also the employers share of SS and Medicaid/medicare taxes.

[justshutupandtakeit]

It is off by a factor of 10 at least.