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To: CSM
Please explain to me how an income tax captures the taxes owed by a member of the underground economy when they buy furs or take a vacation.

Because of the 22% embedded taxes that are already in the price of goods and services. The end consumer pays for all these taxes in the form of higher prices. Of course this includes all the taxes paid by businesses and individuals.

166 posted on 09/15/2005 11:50:05 AM PDT by Always Right
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To: Always Right

The price of the goods purchased do not contain the taxes paid by individuals. It contains the taxes paid by the corp/bus. as well as their compliance costs. Yes, prices contain some taxes paid for by the company on behalf of the employee, but they do not contain the withholdings from a taxpayers paycheck.


168 posted on 09/15/2005 11:53:58 AM PDT by CSM ( It's all Bush's fault! He should have known Mayor Gumbo was a retard! - Travis McGee (9/2))
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