$1.00 X 10% = $1.10LOL! yea it's a great example of adding profit/markup (which happens to be the part actually subject to income tax), but, what kind of tax is that supposed to be??? a VAT? The income tax doesn't work that way.$1.10 X 10% = $1.21
$1.21 X 10% = $1.33
$1.33 X 10% = $1.46
$1.46 X 10% = $1.61
Any other areas of study that I can help you with?
LOL. Why would the first person sell for $1.10 when he knows the very same product, with nothing added but profit, will sell for $1.61?
$1.00 X 10% = $1.10 (tax due ON $0.10 profit)No thanks I've seen enough. That's Fairtax math/thinking alright.$1.10 X 10% = $1.21 (tax due ON $0.11 profit)
$1.21 X 10% = $1.33 (tax due ON $0.12 profit
$1.33 X 10% = $1.46 (tax due ON $0.13 profit)
$1.46 X 10% = $1.61 (tax due ON $0.15 profit)
Any other areas of study that I can help you with?
I'm seriously doubting your ability to understand simple English and simple math.
You asked how a 61% increase could occur in reference to my statement that taxing all business to business sales at for example 10% for five transactions would increase cost and thus charge by at least 61%.
There is no mystery in this and it is why states don't tax business to business sales.
If you want to have an honest discussion, then let's have one, and stop with the subterfuge.