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To: Remember_Salamis

23 percent? Is this plus or minus state taxes? how about fifteen percent and call it a day?


13 posted on 11/15/2004 8:52:53 AM PST by Californiajones ("The apprehension of beauty is the cure for apathy" - Thomas Aquinas)
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To: Californiajones

Nobody actually pays 23%. Why? Because you subract your "Prebate" for one, which makes it progressive. Secondly, you only pay taxes on itrems you consume. So the less you spend as a percentage of your income, the lower your tax burden is. As a result, peopel in effect control their own tax rate!


19 posted on 11/15/2004 6:25:30 PM PST by Remember_Salamis (Freedom is Not Free)
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