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<blockquote data-quote="steeltoe" data-source="post: 256055" data-attributes="member: 9491"><p>I will not pretend to be an economics expert, but here is the way I understand embedded taxes. When you buy a tennis shoe for $100.00, the cost of the shoe to the maker has taxes embedded and you pay them when you buy the shoe. The shoe maker has to pay all of his employee's federal income matches. This is included when you buy the shoe. These costs to the shoe maker will go away, therefor the cost of the shoe drops.</p><p> </p><p>As a former small business owner, it really made me sick when I wrote checks to myself and employee's and I had to pay all of these taxes. I do not know the exact numbers, but if you make $75,000.00 a year at UPS, it cost UPS much more than $75,000.00 to employee you. They have to pay matching federal with holding taxes. You may make $75,000.00 gross, but UPS pays more than your $75,000.00 salary. These taxes on the company would go away. These costs are always passed along to the consumer.</p></blockquote><p></p>
[QUOTE="steeltoe, post: 256055, member: 9491"] I will not pretend to be an economics expert, but here is the way I understand embedded taxes. When you buy a tennis shoe for $100.00, the cost of the shoe to the maker has taxes embedded and you pay them when you buy the shoe. The shoe maker has to pay all of his employee's federal income matches. This is included when you buy the shoe. These costs to the shoe maker will go away, therefor the cost of the shoe drops. As a former small business owner, it really made me sick when I wrote checks to myself and employee's and I had to pay all of these taxes. I do not know the exact numbers, but if you make $75,000.00 a year at UPS, it cost UPS much more than $75,000.00 to employee you. They have to pay matching federal with holding taxes. You may make $75,000.00 gross, but UPS pays more than your $75,000.00 salary. These taxes on the company would go away. These costs are always passed along to the consumer. [/QUOTE]
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