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The Water Cooler
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Everyone needs to pay their fair share
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<blockquote data-quote="soonersfan" data-source="post: 1622269" data-attributes="member: 9063"><p>I'm not sure how they come up with this rate either. We can't rest assured that we're not going to get a quality explanation from Mr. Reid either. I am guessing it is an effective tax rate that ignores certain factors like write offs from starting a new business (something crazy rich people do that might actually stimulate the economy). Maybe it ignores all the ridiculous "green" tax credits that are available. Was it last year that everyone was buying electric golf carts called "Low Speed Vehicles" and getting a tax credit worth 50% of the purchase price from the .gov? I don't blame anyone for buying one but the credit was ridiculous. The 15% has to be what they're paying from the top line and ignoring everything that went on in between. Either that or they are some type of minority government contractor who is exempt from certain taxes as a result.</p></blockquote><p></p>
[QUOTE="soonersfan, post: 1622269, member: 9063"] I'm not sure how they come up with this rate either. We can't rest assured that we're not going to get a quality explanation from Mr. Reid either. I am guessing it is an effective tax rate that ignores certain factors like write offs from starting a new business (something crazy rich people do that might actually stimulate the economy). Maybe it ignores all the ridiculous "green" tax credits that are available. Was it last year that everyone was buying electric golf carts called "Low Speed Vehicles" and getting a tax credit worth 50% of the purchase price from the .gov? I don't blame anyone for buying one but the credit was ridiculous. The 15% has to be what they're paying from the top line and ignoring everything that went on in between. Either that or they are some type of minority government contractor who is exempt from certain taxes as a result. [/QUOTE]
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