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To: The Pack Knight
Just the income tax of the business.
64 posted on 07/01/2007 7:09:36 AM PDT by Toddsterpatriot (Why are protectionists, FR Conspiracy Theorists and goldbugs so dumb?)
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To: Toddsterpatriot
Well, lets see.. lets go with a small business, say a clothing store with $1,000,000 in sales per year. Now, the average clothing store has about a 5% net profit margin (inclusive;), so that'd be $50,000. That'd put them just in the 25% bracket, so that'd be 1.25% of their gross revenues. But, as we've said, the retail business's own income tax is only a small part of the embedded tax.

Do you really want me to dig up the Jorgenson study, or the Arduin, Laffer and Moore study?
69 posted on 07/01/2007 7:41:56 AM PDT by The Pack Knight (Duty, Honor, Country. Friend of Fred.)
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