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To: Palio di Siena

A 10% decline in the peso vs. the dollar cuts a 20% tax effectively to 18%. Which is not “half.”

69 posted on 01/28/2017 9:19:00 PM PST by FredZarguna (And what Rough Beast, its hour come 'round at last, slouches toward Fifth Avenue to be born?)

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To: FredZarguna

Ah. You are correct. I am embarrassed to say.

152 posted on 01/29/2017 1:34:58 AM PST by Palio di Siena

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