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To: rwrcpa1
We're not going to have to have the tax exclusive vs. tax inclusive lesson again, are we? Haven't you learned anything, yet?

I am fully aware of it. But when you present a sales tax rate as 23% without identifying it as a tax inclusive rate, you are lying. Plain and simple. No one uses a tax inclusive rate, so you are intentionally misleading people.

31 posted on 08/02/2005 1:54:11 PM PDT by Always Right
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To: Always Right

Oh, so instead of me saying that I'm in the marginal 25% income tax bracket I should really say I'm in the 33.33% bracket, right? Does that make me a liar, too?


32 posted on 08/02/2005 2:06:22 PM PDT by rwrcpa1 (April 15. Let's make it just another day.)
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To: Always Right
No one uses a tax inclusive rate

That's wrong. Everyone uses tax inclusive rates with our income tax system. The flat income tax uses tax inclusive rates too.

The flat income tax's 17% is tax inclusive (20.48% tax exclusive).

The flat income tax's employee 7.65% payroll tax is tax inclusive (8.28% tax exclusive).

The flat income tax's employer 7.65% payroll tax is tax inclusive (8.28% tax exclusive).

Our graduated income tax is tax inclusive. If you earn $100 and pay $25 in taxes, that is said to be 25% [25/100].

50 posted on 08/02/2005 5:21:09 PM PDT by Principled
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To: Always Right

Now, now Rongie ... get off your high horse. Lots of people use tax inclusive percentages for tax all the time - called income tax and payroll tax rates.

There's no "wrong" or "right". It's like calling some one 6 feet tall instead of 72 inches tall. A different way of describing the same thing.

There's no "lying" and no "misleading". I think almost everyone on these threads is aware of the difference - if not your explanation helps not a bit.


105 posted on 08/03/2005 12:28:18 PM PDT by pigdog
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