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To: lewislynn

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
Percent Net National Product(NNP)

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-ment’s Bureau of Economic Analysis (BEA)."
Tax Foundation Special Report No.134, April 2005

0 First year introduction of HR2525(Fair Tax legislation).

1 Economic Growth and Tax Reform Reconciliation Act of 2001
2 The Job Creation and Worker Assistance Act of 2002
3 Job Growth and Tax Relief Reconciliation Act of 2003

Sources: Office of Management and Budget; Internal Revenue Service; Congressional Research Service; National Bureau of Economic Research; Treasury Department; and Tax Foundation calculations.


302 posted on 05/14/2005 4:08:22 PM PDT by ancient_geezer (Don't reform it, Replace it!!)
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To: ancient_geezer
The following, however, is a table of effective total tax rates based on what is commonly perceived as spendable income, as measured by TaxFoundation

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....


307 posted on 05/14/2005 6:35:02 PM PDT by lewislynn (My other car is an XC90 T6 AWD....)
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