You mean like this?
"If I earn $100,000 and pay $23,000 of it in taxes, that's a 23% rate."
You're right, that IS easy.. and it is the tax inclusive way - the way which you say is "deceptive".
Let's try another example...maybe this one will be "deceptive"?
I spend $100,000 and pay $23,000 of it in taxes, that's a 23% rate. hmmmm... that was easy too!.
Well let's make the math harder, maybe that's "deceptive"?
How about... I earn $67,596 and of those dollars earned, $15,547 was used to pay federal taxes. What rate is that? Let's see, tax divided by total earned is .23 or 23%. Is that deceptive?
How about I spend $67,596 and of those dollars spent, $15,547 was used to pay federal taxes. What rate is that? Let's see, tax divided by total spent is .23 or 23%. Is that deceptive?
None of that is deceptive. It's the way we all figure our taxes today.
What's deceptive is your agenda. There is an honest question on how to figure the tax - you're not asking it though. You're simply trying to confuse others so that they stop learning about the nrst. Why?
Item description | $ 29.25 |
8.25% sales tax | 2.44 |
TOTAL | $32.09 |
Item description | $ 29.25 |
8.25% state & local sales tax | 2.44 |
23% national sales tax | 8.85 |
TOTAL | $40.94 |