one for you, nineteen for me
I want to make a simple point about the way we are taught to compute sales and income taxes.
Consider a sales tax of 25%; you purchase a $100 item and pay a $25 tax. Next consider a 25% income tax. You earn $100, so $25 is withheld and you receive $75. Notice the inconsistency?
Let’s make [...]
Posted on June 8th, 2006 by pwyll
Filed under: General | Comments Off
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