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Article #486Re: National Sales Tax - An Alternative?
From: Edward N. Kurmudgeon
Date: Sat, 02 Dec 1995 00:00
Date: Sat, 02 Dec 1995 00:00
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Enrique Diaz-Alvarez (enrique@ee.cornell.edu) 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 $100 spent. : > : How can this be true? The corporate income tax applies to profits only, which : are a small fraction of revenues -usually less than 10%. (Just asking) The corporate income tax is 48%. Whether or not it's 10% of the revenue depends on what business you are in. Intel has a gross margin of more than 50%. I suppose their effective tax rate is probably 35%.
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 104eff,8c62cfd13b101be6 X-Google-Attributes: gid104eff,public X-Google-Thread: 105ecf,8c62cfd13b101be6 X-Google-Attributes: gid105ecf,public X-Google-Thread: 105dfd,8c62cfd13b101be6 X-Google-Attributes: gid105dfd,public X-Google-Thread: 10d662,fe496bb546a1da4c X-Google-Attributes: gid10d662,public X-Google-Thread: 104158,8c62cfd13b101be6 X-Google-Attributes: gid104158,public X-Google-Thread: 10dda6,8c62cfd13b101be6 X-Google-Attributes: gid10dda6,public X-Google-Thread: fa7f5,8c62cfd13b101be6 X-Google-Attributes: gidfa7f5,public X-Google-Thread: ffe14,8c62cfd13b101be6 X-Google-Attributes: gidffe14,public From: edwardk@aimnet.com (Edward N. Kurmudgeon) Subject: Re: National Sales Tax - An Alternative? Date: 1995/12/02 Message-ID: <49r10b$g41@aimnet.aimnet.com> X-Deja-AN: 120684603 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: Aimnet Information Services 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