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Old September 7th 04, 01:27 AM
vincent p. norris
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.... 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!


I understand that when ALL taxes are considered, we in the USA have a
*regressive* tax system.

vince norris