From: “Joseph M. Reagle Jr.” <reagle@rpcp.mit.edu>
To: cypherpunks@toad.com
Message Hash: c0d5c5561e9db98a60c7e87073cb97dda5aa034df49977f99e654c174fa59cf3
Message ID: <3.0.32.19961112152531.00a068b0@rpcp.mit.edu>
Reply To: N/A
UTC Datetime: 1996-11-12 20:25:29 UTC
Raw Date: Tue, 12 Nov 1996 12:25:29 -0800 (PST)
From: "Joseph M. Reagle Jr." <reagle@rpcp.mit.edu>
Date: Tue, 12 Nov 1996 12:25:29 -0800 (PST)
To: cypherpunks@toad.com
Subject: Taxation Thought Experiment
Message-ID: <3.0.32.19961112152531.00a068b0@rpcp.mit.edu>
MIME-Version: 1.0
Content-Type: text/plain
Another thought experiment, comments welcomed:
o TAXES THOUGHT EXPERIMENT
1) I generate $100 of productivity for my company
2) Company is taxed %30, $70 left
3) Company pay shareholders and costs, $30 is left
4) Company pays me
5) I pay 40% in taxes, so $18 left
6) With $18 I can buy a $16.82 object (%07 sales tax).
Results:
1) I see $16.82 realization from $100 productivity increase.
* Govt. gets $49.26 of my productivity, or nearly 3 times the amount I get.
_______________________
Regards, Our greatest glory is not in never failing, but in rising
up every time we fail. -Ralph Waldo Emerson
Joseph Reagle http://rpcp.mit.edu/~reagle/home.html
reagle@mit.edu E0 D5 B2 05 B6 12 DA 65 BE 4D E3 C1 6A 66 25 4E
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