In article , "Peter Gottlieb"
writes:
The general observation that consumers pay all the taxes paid by their
suppliers is of course completely correct. It is somewhat amazing to
consider the true amount of tax that we all pay when everything is accounted
for.
More than merely amazing. The Americans for Tax Reform traced the taxes
imbedded in the cost of various goods. One was a Ford Taurus automobile, priced
at $23,000. They found the car could have been sold, at the same profit, for
$12,700 with the imbedded taxes removed. The buyer of that car, who might be
under the illusion all taxation has been successfully pushed off on "the rich"
pays and astounding $10,700 plus interest when he purchases that car.
Surprise!
--
Wm. Donald (Don) Tabor Jr., DDS
PP-ASEL
Chesapeake, VA - CPK, PVG
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