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To: Your Nightmare
Maybe you should review the thread again. I was responding to a post that claimed the bulk of our tax burden is hidden. That's just not true.

Businesses must charge enough for a product to cover both their total cost of production and their expected profit. The Cost of Goods Sold for a business has to include the cost of labor involved. The cost of labor includes the taxes on that labor (28% or 34% of those taxes being Federal Income Tax).

This is how the Income Taxes are "hidden". They are hidden in the cost of labor required for every stage of production, transportation, and sale of a product.

567 posted on 08/02/2004 11:40:42 AM PDT by meadsjn
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To: meadsjn

You nailed it. It's pretty clear isn't it?

Would you say that anyone who refuses to acknowledge your post given that they have the ability to understand it, would you say such a person has an agenda?


570 posted on 08/02/2004 11:53:13 AM PDT by Hostage
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To: meadsjn
This is how the Income Taxes are "hidden". They are hidden in the cost of labor required for every stage of production, transportation, and sale of a product.
So what you are saying is that I don't pay income taxes on my earnings?
The cost of labor includes the taxes on that labor (28% or 34% of those taxes being Federal Income Tax).
I'm curious, what do you think the median citizen's effective total federal tax burden is?
571 posted on 08/02/2004 11:55:20 AM PDT by Your Nightmare
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