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To: cinives
"That would be corporate taxes."

Corporate taxes are, what, 25% of profit? If profit is 10%, then corporates taxes are about 2.5% of the price.

When they say federal taxes are 25.9% of prices, they're referring to corporate taxes plus payroll taxes (employer and employee) plus employee withholding. All of that money is built into the price of the product, is collected by the employer, and is forwarded to the federal government.

"Many still don’t pay individual taxes, which the Fair Tax would correct."

Some don't pay individual taxes -- like illegals and criminals. And under the Fair Tax, I'm going to go out on a limb and guess that those same people won't be collecting and forwarding the Fair Tax either ("let's see, your heroin comes to $900 plus the Fair Tax for a total of $1200, please").

115 posted on 10/09/2007 10:48:17 AM PDT by robertpaulsen
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To: robertpaulsen
illegals and drug dealers do pay taxes... remember - it's embedded in everything they buy...
127 posted on 10/09/2007 11:06:26 AM PDT by xcamel (FDT/2008)
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To: robertpaulsen

Wow, you post all this without knowing any facts. Your ignorance and lack of research is astounding.

Corporate tax rates are 39% - federal - for any corporation earning over $75,000. Yes, note only three zeros there. Add state corporate taxes of 9-12% in CA and the Northeast, plus local taxes, and you are over 50% on corporate profit. Add in unemployment compensation, workers comp, and 7% FICA, plus 9% FICA/Medicare from employees, and you are paying massive taxes as an employer.
http://www.infoplease.com/ipa/A0005946.html

Almost 50% of this country pays only FICA taxes. And those are just the people who FILE taxes. Those aren’t people who don’t file at all. http://www.heartland.org/Article.cfm?artId=15281

There is a large underground economy now, and I’m sure that won’t change. However, it does mean that your local drug dealer WILL pay some income tax every time he spends money on his bling, buys a drink in a bar, and a fancy car.

Get the facts, dude - you do yourself no credit by spouting irrelevancies. Search is your friend.


129 posted on 10/09/2007 11:08:01 AM PDT by cinives (On some planets what I do is considered normal.)
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