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To: Your Nightmare

In one line you're saying the corporate tax is $565 billion. In the next line you're saying compliance costs are 65% of every dollar collected and somehow conclude that equals $800 billion.

Business overhead is higher in proportion to tax revenues collected from them, than individual experience.

Data in Payne's book, and what you can find in The Flat Tax; Hall & Rabushka, '95, indicates that by far the greatest burden lay on businesses and a much lessor proportion of the total on individuals.

Isn't 65% of $565 billion equal to $367 billion?

The business portion is roughly 2/3rds of of the total burden individuals and non-profits making up the remainder. The $800 billion is nothing more than that 2/3rds of the total economic burden for both business & individual rounded down to a single digit of precision to provide a conservative value for impact on business costs.

Try to comprehend the material in the links provided instead of creating an adhoc argument sometime

237 posted on 08/29/2004 7:50:25 AM PDT by ancient_geezer (Equality, the French disease: Everyone is equal beneath the guillotine.)
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To: ancient_geezer
Try to comprehend the material in the links provided instead of creating an adhoc argument sometime
Maybe you should try to comprehend the material you link to. It discusses the compliance costs that could be borne in prices:
It’s time to sum the figures. Direct compliance costs, both in filing and in buying expert advice, exceed $100 billion. Direct tax-planning costs—consulting with lawyers, accountants, purveyors of tax shelters, and financial planners—exceed $35 billion.
That's $150 billion. And before you go off, revenue lost to the treasury due to evasion, distortions, and other costs to the economy are not seen in prices (although I'm sure you will try to say they are).
241 posted on 08/29/2004 8:38:49 AM PDT by Your Nightmare
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