Article View: mi.misc
Article #485Re: National Sales Tax - An Alternative?
From: Ed Symanzik
Date: Fri, 01 Dec 1995 00:00
Date: Fri, 01 Dec 1995 00:00
13 lines
2323 bytes
2323 bytes
Enrique Diaz-Alvarez (enrique@ee.cornell.edu) wrote: : zik@enoch.cl.msu.edu (Ed Symanzik) wrote: : >Is it correct that the corporate income tax is 33%? I've seen estimates the : >last couple of days that this adds anywhere from 30% to 50% to the end cost : >of goods. Even at 30% with an 18% sales tax you save $10 on every $100 spent. : How can this be true? The corporate income tax applies to profits only, which : are a small fraction of revenues -usually less than 10%. (Just asking) The numbers were not explained to me. My guess is that there are many businesses involved with (sticking to my example) getting a loaf of bread on your table. Not only do you have the direct line of businesses; farmer, grain elevator, mill, bread maker, wholesaler, supermarket and whatever else I missed, but all of the businesses they deal with are passing on their taxes.
Technical Details
Message-ID:
<49nnj8$12b9@msunews.cl.msu.edu>Path:
arc1-ca.pugleaf.net!unknown!not-for-mailReferences:
<490s4o$eku@nexus.coast.net> <499sg8$elm@villa.fc.net> <DMEYERS.95Nov30130038@panix.panix.com> <49n3ul$1urh@msunews.cl.msu.edu> <49n6pq$1tv@newsstand.cit.cornell.edu>Show Full Headers
Complete Article Headers
X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 104eff,8c62cfd13b101be6 X-Google-Attributes: gid104eff,public X-Google-Thread: 10dda6,8c62cfd13b101be6 X-Google-Attributes: gid10dda6,public X-Google-Thread: 105dfd,8c62cfd13b101be6 X-Google-Attributes: gid105dfd,public X-Google-Thread: 10d662,fe496bb546a1da4c X-Google-Attributes: gid10d662,public X-Google-Thread: ffe14,8c62cfd13b101be6 X-Google-Attributes: gidffe14,public X-Google-Thread: 104158,8c62cfd13b101be6 X-Google-Attributes: gid104158,public X-Google-Thread: fa7f5,8c62cfd13b101be6 X-Google-Attributes: gidfa7f5,public X-Google-Thread: 105ecf,8c62cfd13b101be6 X-Google-Attributes: gid105ecf,public From: zik@enoch.cl.msu.edu (Ed Symanzik) Subject: Re: National Sales Tax - An Alternative? Date: 1995/12/01 Message-ID: <49nnj8$12b9@msunews.cl.msu.edu> X-Deja-AN: 120586059 references: <490s4o$eku@nexus.coast.net> <499sg8$elm@villa.fc.net> <DMEYERS.95Nov30130038@panix.panix.com> <49n3ul$1urh@msunews.cl.msu.edu> <49n6pq$1tv@newsstand.cit.cornell.edu> followup-to: mi.misc,alt.politics.usa.misc,alt.activism,talk.politics.misc,ca.politics,dc.politics,ne.politics,nj.politics,pa.politics,triangle.politics,misc.taxes,ny.politics organization: Michigan State University newsgroups: mi.misc,alt.politics.usa.misc,alt.activism,talk.politics.misc,ca.politics,dc.politics,ne.politics,nj.politics,pa.politics,triangle.politics,misc.taxes,ny.politics