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Re: [Homestead] The GOP on government spending: Borrow 'til the Chinese own us!
- From: Clansgian AT wmconnect.com
- To: homestead AT lists.ibiblio.org
- Subject: Re: [Homestead] The GOP on government spending: Borrow 'til the Chinese own us!
- Date: Fri, 28 Oct 2005 14:46:40 EDT
Interesting.
The bit about paying an average of 40% of all our money in taxes has another
aspect to it and it is this: to get the *direct* tax burden off the backs of
tax payers, it has been popular to tax corporations. But in reality
corporations never pay taxes, they pass the taxes along and the consumer (aka
taxpayer)
pays them in addition to the taxes he's already paying. Depending on whether
you view it as included in the price or added to the price, the amount of
embedded income tax in most things purchases is between 22% and 30%. In
reality
you earn $100 and pay $40 in some form of direct tax or the other. Then when
you spend the remaining $60, about $13 of that goes to pay the taxes that
manufacturer, suppliers, transporters, etc.
James
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Re: [Homestead] The GOP on government spending: Borrow 'til the Chinese own us!,
Clansgian, 10/28/2005
- <Possible follow-up(s)>
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Re: [Homestead] The GOP on government spending: Borrow 'til the Chinese own us!,
Clansgian, 10/28/2005
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Re: [Homestead] The GOP on government spending: Borrow 'til the Chinese own us!,
Gene GeRue, 10/28/2005
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Re: [Homestead] The GOP on government spending: Borrow 'til the Chinese own us!,
Lisa K. V. Perry, 10/28/2005
- Re: [Homestead] The GOP on government spending: Borrow 'til the Chinese own us!, Gene GeRue, 10/28/2005
-
Re: [Homestead] The GOP on government spending: Borrow 'til the Chinese own us!,
Lisa K. V. Perry, 10/28/2005
-
Re: [Homestead] The GOP on government spending: Borrow 'til the Chinese own us!,
Gene GeRue, 10/28/2005
- Re: [Homestead] The GOP on government spending: Borrow 'til the Chinese own us!, Clansgian, 10/28/2005
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