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To: ATOMIC_PUNK; *Taxreform; ancient_geezer; Principled; Bigun; pigdog
OK folks.  It took a little longer than expected, but I finally got the data out there in spreadsheet format.  It prints one table per page.  It also includes the original, unmodified and unformatted IRS Data.  The spreadsheet is protected, so as to keep our work intact.  But, you can select and copy from that spreadsheet into another spreadsheet, if you want to diddle with the numbers.

It's really scary, when you look at the whole table and see the trends.

You can find it at http://www.actionamerica.org/taxecon/irsdata.html.

To get the spreadsheet, click on the button at the bottom of the page.

I hope that some of you find this useful.

 

115 posted on 10/24/2002 9:35:36 PM PDT by Action-America
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To: Action-America
Good info, unfortunately it only represents a partial view of the real cost of government in this nation. It does not reflect the effects of FICA, overhead involved in tax compliance, regulatory costs, nor does it say anything of the state and local taxes and their compliance costs on top of it all.

The federal individual income tax return that captures everyone's attention each April, is nothing more an accounting sheet the government cons individuals, held at ransom, into filling out. It puts a blinder on the eyes of the voter, and totally distorts their perceptions as to the real impact of taxation in their lives.

The tax system is actually fuelled from the dollars we spend which pays the gross wages, and investment returns to individuals who are the ultimate purchasers of goods and services and hence the payers of all taxes.

We spend "disposable income", (i.e. "aftertax" income) which finances all income that is taxed. Viewing from the perspective of consumption dollars, where it is all generated, we get an entirely different perspective on what is being done to us. Between business income taxes and payroll taxes, the burden on citizen as reflected through higher prices, lower wages, and lower return on investements are indeed horrendous.

The following article covers the mechanism on how the current Federal tax system propagates and is embedded into consumption expenditure.

DO YOU PAY YOUR INCOME TAX
AT THE SUPERMARKET?

by D. Sherman Cox J.D. L.L.M. Taxation

The full impact of the federal tax system(taxes in gross wage/salaries & other compensation + business income/payroll taxes) added onto the base price(without taxes) of retail consumption goods and services is 36% for federal taxes alone. Why? Because all wages and the taxes on them are paid for out of sales receipts to business,(i.e. consumption expenditure).

Federal tax revenues collected as % of current family expenditure = fed/(1-state-fed-savings) =

23.5/(1-.235-0.102-0.012) = 36.09%

If we add in the cost of federal tax compliance & enforcement, the percentage that truely represents the burden on the family due to the Federal income payroll tax system increases by nearly 55% of tax free prices.

Where Have All the Dollars Gone?
How the government robs Peter to pay him back.
By James L. Payne, Reason Magazine February '94

When the overhead costs are added together, (24 percent compliance costs, 33 percent disincentive costs, and 8 percent other costs), they total 65 percent of tax revenue.

Current total Federal tax revenues are about $1900billion, more than $1,000 billion additional dollars are added on onto consumption prices due to the business costs of complying with the federal income/payroll tax laws.

(Payne '97, Pilla '95, AGCCA 2000, Williams 2000)

Percent total current federal burden (taxes + compliance costs) of consumption dollars = 36*(1900+1000)/1900 = 54.95% economic burden added on to base retail prices.

Reduce the taxes on business and simplify them in any way possible ultimately means a lower price and higher standard of living for the citizen.

116 posted on 10/24/2002 10:46:00 PM PDT by ancient_geezer
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To: Action-America
thanks action-

keep up the educatin'

117 posted on 10/25/2002 5:27:13 AM PDT by Principled
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