Talk:Hidden tax

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Bias

The figures in this article are cited from biased sources, notably the tax-reduction think tank "Tax Foundation". These figures should not be stated as fact and should probably be removed from the article, along with the relevant citations. --Chaironome (talk) 09:20, 21 October 2009 (UTC)[reply]

All sources are biased in one way or another. A neutral point of view is not the absence of bias, but making sure that all viewpoints are represented, meaning that you include the bias viewpoints and let the reader decide. I agree that opinion should not be stated as fact, we are to attribute the opinion such as "The Tax Foundation concluded that ...". The content and citations however, should not be removed. It is a valid and sourced point of view. Morphh ^(talk) 12:47, 21 October 2009 (UTC)[reply]

Per the article tag, the NPOV objection should include the point of view that is absent from the article, so we have something actionable to address. I did change the content to attribute the opinion. I left the section tag for the moment, but this should also be removed if no additional viewpoints a presented that are missing. Morphh ^(talk) 13:23, 21 October 2009 (UTC)[reply]

Merge

This content should likely be merged and redirect into Effect of taxes and subsidies on price. Morphh ^(talk) 20:32, 26 April 2008 (UTC)[reply]

Table

What does the table have to do with embedded cost of taxation? Morphh ^(talk) 20:35, 26 April 2008 (UTC)[reply]

The chart is from the source: [1]. It means what percentage of income quintiles are taxed. (including hidden taxes) So a person earning in the middle quintile would have to pay 60% in taxes (including hidden).

You can calculate the total hidden taxes of an individual by this function: (excluding excise taxes, tarrifs, inflation, corruption, etc.)

 RealTaxRate(income, stateIncome, sales, corporate, county) := 
 1 - (1 - (0.062*2 + 0.0145*2 + income + stateIncome + county))(1/(sales + 1))(1 - corporate*.55);

note that 0.062 is the social security rate and 0.0145 is the medicare rate. Also according to [2] corporate taxes contribute to 55% of an individual's income.

So if you see an individual earining $40,000 yearly, the tax would be: RealTaxRate(.25, 0.04, 0.04, 0.25, 0.04) = 0.571238

or 57% of his income is taxed. (note that this rate excludes excise, tariffs, etc.; you can improve this function by using excise and tarrifs)

The .25 is from the tax rate [3]. The other .25 is assumed that he works in a corporation that has to pay 25% of its income in corporate income tax.

This function is based on this source: [4]

Singwaste (talk) 21:07, 1 May 2008 (UTC)[reply]