OpenEuphoria

Re: Taxation

• Posted by Alvin Koffman <alvin_ka9qlq at yahoo.com> Feb 19, 2002
• 449 views

Where do you live? The first doller you make gets a
15.3%FICA tax on it, so you'd pay $45.90 on $300 just to
start.
Alvin 
--- gwalters at sc.rr.com wrote:
> 
> Another item, pure labor charges are not usually taxed,
> however if it's
> manufacturing something and part and parcel of the end
> product it is
> taxable. For example a person asks you to make him a
> trailer and your
> materials cost $100 and your labor costs are $300 and you
> sell him the
> trailer for $400 then the entire $400 is taxed. If he
> brings you the
> materials and you charge him $300 labor to make the
> trailer then the $300 is
> not taxable.
> 
> George Walters
> 
> ----- Original Message -----
> From: <euman at bellsouth.net>
> To: "EUforum" <EUforum at topica.com>
> Sent: Monday, February 18, 2002 11:12 PM
> Subject: Taxation
> 
> 
> > Hello all,
> >
> > This is non-programming related but I need an answer.
> >
> > Has anyone figured out what amount of tax is on $1.00?
> >
> > consider a candy bar that when you buy it cost $1.00
> >
> > also consider it a while loop thats never false
> >
> > while true do
> >    1. the manufacturer pays a tax
> >    2. the retailers pay a tax
> >    3. the purchase is taxed
> >    4. you work for the manufacturer and
> >        your taxed on the income
> > end while
> >
> > and anyother tax Ive missed.
> >
> > hmmm, how much of this $1.00 is actually not taxed?
> >
> > What the hek was there a tea party?
> >
> > Euman
> > euman at bellsouth.net
> >
> > Q: Are we monetarily insane?
> > A: YES
> >
> >
> 
> 
>
> 


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