Hey, if you’re going to use the inclusive 35% rate when spaking of the income tax, plase use the comparable inclusive FT rate of 23% for consistency’s sake. Thanks.
Either that, or quote the income tax rate in exclusive terms.
I was being consistent. I was comparing the perceived benefits of tax avoidance.
Avoiding income taxes gives a perceived benefit of 35%, does it not? I earn $10 million. I owe $3.5 million. If I cheat I benefit in the amount of 35% do I not?
Under the Fair Tax, the item costs me $100. That includes $23 in Fair Tax, does it not? If I cheat, I only pay $77, correct? That means I avoided the 30% in sales taxes that were added to the price.
Now, if you want me to use 23% I will. But only if you stop calling it a sales tax. Calling it a sales tax means that if I cheat I save the sales tax which is 30%.
It's about perceived savings.