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Political Factoid
Most people would even accept a tax rate of 100%
if they only had to pay taxes on 1% of their income.
- The price an airline pays for a new airplane is much less than
the aircraft manufacturer's "list price."
- The price consumers pay for new automobiles is typically less than
the "Manufacturer's Suggested Retail Price."
- The price paid is often less than shown on the original price tag.
- The taxes U.S. businesses pay is seldom the listed tax rate
(after they take all of their loophole exemptions, credits, and deferrals.)
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