OnePercenter
Gold Member
- Apr 10, 2013
- 23,667
- 1,880
- Thread starter
- #621
It wasn't the question that made you look stupid. It was your answer, stating that investors can't figure out profit. This in the context of your prior statements regarding profit and taxes, and this new question you figured.
If you were an investor you'd know that gross profit, operating profit, net profit, as well as taxes paid all figure into investment decisions. My 'investors can't figure out profit' was simply sarcasm.
Effective tax is computed differently because they're trying to scam you into believing that businesses pay to much in taxes, which they don't, and neither do the rich.
The people who pay to much in taxes are the upper middle class income folks. This to make up for the taxes that the others are not paying. The system is designed to stop people from moving up the income ladder by progressively screwing them over while simultaneously rewarding people who work less and people who decide to move their assets and investments offshore.
Effective tax is simply a measure after deductions. Your assumptions, that you have stated over time, that cost of goods and services should not be deducted from gross receipts continues to make your ideas about taxes sound ludicrous.
Corporate tax is a tax on profit.
Sale tax is a tax on gross receipts.
Personal income tax is a tax on labor.
Capital gains tax is a tax in investment income.
Comparing the four types of taxes with one phrase "effective tax" is ridiculously stupid.
What you may be thinking, fill in, is that we should have some sort of way to get money from people based on how much they have. Sort of like a death tax that takes half your stuff when you die, only this would be taking a tithe at the end of the year of what ever you have in tangible assets.
Sales tax?
All are income. If you're comparing apples, you have to have apples.