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To: kevkrom
While you're still trying to figure that one out... also figure out how much someone needs to earn, before taxes, to pay for that $100 "untaxed" item (plus taxes).

Which set of assumptions do you want me to figure it on. Wages stay the same, after tax prices go up. Wages are reduced, after tax prices stay about the same. Or some fairytax reality where everyone pockets more money and miraculously prices stay the same. It is a waste of time to compute anything if you are going to have fairytale assumptions.

95 posted on 05/11/2007 11:27:18 AM PDT by Always Right
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To: Always Right
Which set of assumptions do you want me to figure it on.

Figure it on the income tax as it exists today.

You're the one posting the fairytale that an item that costs $100 today has no tax burden built into it, and that people who buy it didn't pay taxes on that money.

126 posted on 05/11/2007 8:20:33 PM PDT by kevkrom ("Government is too important to leave up to the government" - Fred Dalton Thompsn)
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