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Originally Posted by flstf
We have had this discussion on taxes already some time ago in this forum but I cannot find it so I will reply again.
It is the indirect taxes that I am writing about which are added to the direct taxes you listed. It is difficult to find out exactly how much these taxes add to the price of goods and services but I have seen estimates of between 30 to 70 percent depending on which goods and services you buy. One of the more high end estimates is contained in the following article:
http://www.gold-eagle.com/editorials...t021001pv.html |
I can pull 'estimates' out of my ass as well. Most of that is BS driven by people with an agenda to eliminate corporate taxes under the false pretense that businesses would pass 100% of the savings back to the people.
A simple excercise: add up the total amount that the govt took in and subtract the sum of all direct taxes. Divide that by the total taxable income and you have the so-called average 'hidden tax' rate.