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To: Buckeroo
I am complaining about your position that has no basis in fact other than a few cheap tricks by a few politicians that have graduated over time.

What can you expect from someone so dependent on the fruits of others labor that in his denial thinks it comes from the President:

Subject: Re: 27 Benefits From the Fair Tax

Just how much you gett'n paid to confuse the issue? Clinton's pay'n me 1700 a month.

Sent 11/28/99 16:49:38 PST by ancient_geezer [ Reply | Delete ]

I suppose now he'd like you to think/believe Bush is "pay'n" him.
79 posted on 03/06/2002 8:39:56 PM PST by lewislynn
[ Post Reply | Private Reply | To 77 | View Replies ]


To: lewislynn

Just how much you gett'n paid to confuse the issue? Clinton's pay'n me 1700 a month.

Yep lewis I sure told you that didn't I. You never did answer the question of how much you are gett'n paid by the way.

And it's an absolute fact lewislynn, just as you and every other TPr continues to pay every disabled veteran out there including me. It sticks in Clintoon's craw too and I'm happy to notice you and he are both choking on it.


Everyone who purchases goods and services today unknowingly pays the full burden of the income/payroll tax system whether they file tax returns or not.

That individual income tax return that captures everyone's attention each April, is nothing more an accounting sheet the government cons individuals, held at ransom, into filling out. It puts a blinder on the eyes of the voter, and totally distorts their perceptions as to the real impact of taxation in their lives.

The tax system is actually fuelled from the dollars we spend which pays gross wages, and investment returns to individuals who are the ultimate purchasers of goods and services, hence the payers of all taxes.

We spend "disposable income", (i.e. "aftertax" income) which finances all income that is taxed. Viewing from the perspective of consumption dollars, where it is all generated, we get an entirely different perspective on what is being done to us. Between business income taxes and payroll taxes, the burden on citizen as reflected through higher prices, lower wages, and lower return on investements are indeed horrendous.

The following article covers the mechanism on how the current Federal tax system propagates and is embedded into consumption expenditure.

DO YOU PAY YOUR INCOME TAX
AT THE SUPERMARKET?

by D. Sherman Cox J.D. L.L.M. Taxation

The percentage used in the above article is somewhat off target in that it is based on a percentage that excludes the Individual income tax and SS/medicare contribution extracted out of individual wages & salaries. The 24% in the article considers only those factors actually paid to government out of impositions on the business in complying with the income, payroll, excise & tariff tax laws.

The total contribution of the federal tax system(including taxes in gross wage/salaries) to the price of retail consumption goods and services is 36% for federal taxes alone. Why? Because wages and the taxes on them are paid for out of sales receipt to business,(i.e. consumption expenditure). If we add in the cost of compliance of more than $600billion/year, the percentage that truely represents the burden on the family due to the Federal income payroll tax system increases to about a 47% of family consumption expenditures.

Federal Tax as % of current family retail expenditure = fed/(1-state-fed-savings) =

23.5/(1-.235-0.102-0.012) = 36.09%

Current total Federal tax revenues are about $1900billion, more than $600billion(Paine '97, Pilla '95, AGCCA 2000, Williams 2000) additional dollars are passed on in consumption prices due to the business costs of complying with the federal income/payroll tax laws.

Percent total current federal burden (taxes + compliance costs) of consumption dollars = 36*(1900+600)/1900 = 47.36% as passed through consumption prices.

Choke on it lewislynn, you are paying for my puppy dog's chocolate bon bons, and she loves every one of them. The fun part is she thinks they come from me, and you don't even get the credit for it.

82 posted on 03/06/2002 9:10:57 PM PST by ancient_geezer
[ Post Reply | Private Reply | To 79 | View Replies ]

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