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To: Deuce

Ancient_Geezer, did you know the tax is actually 30%?

You were calculating distributions in regard to income, it is 23% of a tax inclusive measure same as the income tax is stated.

23% of total expenditure for NRST, 24.2% of gross income for income/payroll taxes.

29.87% added onto shelf prices for NRST, 31.93% added onto takehome pay for the income/payroll tax.

And your problem with the measure is??

One compares apples with apples not apples with oranges.

677 posted on 11/07/2002 9:03:49 AM PST by ancient_geezer
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To: ancient_geezer
You were calculating distributions in regard to income, it is 23% of a tax inclusive measure same as the income tax is stated.

You're right. Then I still can't come up with a calculation that reconfirms the tax neutrality at 23%. I will continue to wait for someone to clear up the mystery.

682 posted on 11/07/2002 10:03:12 AM PST by Deuce
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