I have no idea what that means.
As I've noticed,
BTW, the tax base isn't 100% of your income.
Neither is the taxbase of an NRST.
The following, however, is a table of effective total tax rates based on what is commonly perceived as spendable income, as measured by TaxFoundation:
refer Tax Freedom Day 2005 report PDF: Special Report No.134, April 2005
Total Effective Tax Rates by Level of Government |
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Year | Federal | State | Total |
1996 | 21.3% | 10.4% | 31.6% |
1997 | 21.8% | 10.3% | 32.1% |
1998 | 22.4% | 10.4% | 32.8% |
19990 | 22.5% | 10.4% | 32.9% |
2000 | 23.1% | 10.4% | 33.5% |
2001 | 22.2% | 10.5% | 32.7% |
2002 1 | 19.6% | 10.2% | 29.8% |
2003 2 | 18.8% | 10.1% | 28.9% |
2004 3 | 18.4% | 10.2% | 28.6% |
2005 | 19.0% | 10.1% | 29.1% |
Notes: Leap day is omitted to make dates comparable over time. Since depreciation is not available to pay taxes, GDP is an overstatement of spendable income for the purpose of measuring tax burdens. Depreciation is netted out of NNP. "Overall, NNP provides the best statistical representation of the common notion of spendable resources. In 2004 NNP was $10,371.6 billion. Like GDP and PI, NNP is a component of the National Income Product Accounts (NIPA). These accounts are computed and compiled annually by the Commerce Depart-ments Bureau of Economic Analysis (BEA)." 0 First year introduction of HR2525(Fair Tax legislation). 1 Economic Growth and Tax Reform Reconciliation Act of 2001 Sources: Office of Management and Budget; Internal Revenue Service; Congressional Research Service; National Bureau of Economic Research; Treasury Department; and Tax Foundation calculations. |
I don't know what that has to do with exclusive tax rates on income so I guess you concede I'm right. It is not possible to calculate exclusive tax rates ON income.
However, from your link:
"However, an intermediate measure, net national product (NNP) is a superior mea-sure when calculating tax burdens. It best represents the spendable income earned by taxpayers (individuals and businesses). This is the income that is available to taxpay-ers for the payment of taxes.Funny, you, and apparently the Tax Foundation, call "spendable income" as money "available to taxpay-ers for the payment of taxes"
I call "spendable income" as money I can spend AFTER taxes....