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To: cc2k
That's why the "embedded taxes" in the cost of things is in the 20-30 percent range. Because the typical tax rate is in that range and virtually every penny of the price of anything you buy is ultimately reported as income by someone.

The problem is the 20-30% figure is fictious. If you take all consumption and include all federal taxes, you are at about 15%. And if you only count the taxes paid by businesses, you are only at about 7%

842 posted on 05/21/2005 9:34:46 AM PDT by Always Right
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To: Always Right

The increased costs are real enough as you could see with a bit of research on the FairTax website.

You don't seem to grasp what the increase stems from. Check the FairTax derivations of the increase.


845 posted on 05/21/2005 10:20:19 AM PDT by pigdog
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