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To: lewislynn

[Under the sales tax $158,000 PLUS another $59,000 (when I spend my money) or a total of $355,890...OR 52% of the even higher gross was collected.]

And you wonder why people ridicule you for your lack of math skills. $158K + $59K = $217K collected. And the $158K was not paid by you, but by your customers. To get a percentage of the total income involved, your denominator would need to include all the incomes of your customers -- so they had the money to purchase your products.

If you want to compare the taxes collected under the PIT vs. the FairTax, then you need to include all the numbers. Implied was $30K of embedded taxes that you paid under the PIT when you paid your non-wage expenses. You also paid 10% of the $216K take-home pay as embedded taxes when you spent it. So your total taxes under the PIT was $24K + $60K + $30K + $22K = $136K and your customers paid $200K PIT in order to have $600K after-tax money to buy your products. So the PIT total taxes collected were $336K.

But your focus on the taxes collected is all nonsense.

Ask yourself this question: Would you rather have a job that pays $75K and your taxes total $25K, or would you rather have a job that pays $200K but total taxes of $100K ? Do you really care that the higher paying job paid 4x as much in taxes, or are you going to focus on the $100K vs. $50K after-tax income ?

The proper focus is the purchasing power comparison between the PIT and FT. My example held your purchasing power identical between the two.

BTW, what is it that you think somebody could do with information about gross, profits, etc. of an anonymous poster's business ?? I didn't ask you to post your tax return, SS#, etc. Your paranoia always surprises me.


75 posted on 05/15/2006 1:42:28 AM PDT by Kellis91789 (I don't make jokes. I just watch the government and report the facts. --Will Rogers)
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To: Kellis91789
You also paid 10% of the $216K take-home pay as embedded taxes when you spent it.
I only purchase imported products.
And you wonder why people ridicule you for your lack of math skills. $158K + $59K = $217K collected. And the $158K was not paid by you, but by your customers.
Speaking of math skills so was the $59,000.
But your focus on the taxes collected is all nonsense.
It isn't to the tax collectors who are requiring me to collect and remit it.
Ask yourself this question: Would you rather have a job....
Ask yourself this question: why do you ask that question about jobs when we are talking about a business?...You obviously don't know there is a difference.
My example held your purchasing power identical between the two
How sweet of you but I'm not interested in what YOU do for me.

Meanwhile back on earth if I had employees that would get their gross (100% of their paychecks) why did you arbitrarily choose to reduce my takehome from (PIT)$300,000 gross (I'm self-employed, there are no deductions from my "paychecks") to (AFT) $257,000 gross? Where is it written I should not expect to also get my gross?

BTW, what is it that you think somebody could do with information about gross, profits, etc. of an anonymous poster's business ??
You're right, post your tax returns here then we'll talk about it.
78 posted on 05/15/2006 4:04:08 AM PDT by lewislynn (Fairtax = lies, hope, wishful thinking, conjecture and lies. (no it's not a mistake)
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To: Kellis91789
Would you rather have a job that pays $75K and your taxes total $25K, or would you rather have a job that pays $200K but total taxes of $100K ?

It depends a great deal on several factors. First, is the $200k job a safe one, or is there a good chance it could disapear? Is it less stable than the lower paying job?

Second, how hard do I have to work at each of these jobs? Almost anyone can make more than they presently make if they are willing to work harder and longer.

Third, how much do things cost under each scenario. If things cost twice as much in the $200k job world compared with the $75k job world then there is no advantage to the higher take-home pay job.

81 posted on 05/15/2006 4:35:27 AM PDT by RobFromGa (In decline, the Driveby Media is thrashing about like dinosaurs caught in the tar pits.)
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