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To: woodbeez
If you pay over a third of your income in taxes, the elimination of those taxes would have no effect on the price you have to charge to still receive the same after-tax income?

It has no bearing on the calculation. You need to compare the tax savings with gross sales to say how much you can reduce prices. But you don't like to do that because it shows how little those savings actually are.

201 posted on 09/19/2005 9:12:27 PM PDT by Always Right
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To: Always Right
You need to compare the tax savings with gross sales to say how much you can reduce prices. But you don't like to do that because it shows how little those savings actually are

Gross sales have nothing to do with tax savings. Gross sales are only half of the equation. You can have all the sales in the world and have equal expenses and have NO income. You wouldn't have any tax savings and you also wouldn't be in business for very long.

Do you figure your tax liability on your sales or your income?

205 posted on 09/19/2005 9:27:09 PM PDT by woodbeez (There is nothing in socialism that a little age or a little money will not cure(W. Durant))
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