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Re: [TenTec] TT/Alpha merger, taxes

To: "Discussion of Ten-Tec Equipment" <tentec@contesting.com>
Subject: Re: [TenTec] TT/Alpha merger, taxes
From: "Roy" <royanjoy@ncn.net>
Reply-to: Discussion of Ten-Tec Equipment <tentec@contesting.com>
Date: Tue, 13 May 2014 11:30:01 -0500
List-post: <tentec@contesting.com">mailto:tentec@contesting.com>


" TN has an intelligent tax system. Pretty well NO PERSONAL INCOME TAX! High 9%, I believe, sales tax. The way Federal Tax should be - a consumption tax. (etc.)"

So let's see, a guy making a million a year probably dispenses 30% of his income, while a worker making 50K likely spends all. The millionaire pays tax on a small percentage of his income, whilst the common worker pays on nearly all of his.

73, Roy K6XK

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