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To: Lizzie Tudor who wrote (455670)	9/9/2003 7:08:51 PM
From: willcousa	Read Replies (1) \| Respond to of 769670

By earnings do you mean gross income or net income? Taxes are somewhat precise in this respect so it matters.

To: Lizzie Tudor who wrote (455670)	9/10/2003 8:12:07 AM
From: Bill	Read Replies (1) \| Respond to of 769670

We can't assume the maximum tax rate will be paid on that 100K earnings. Take the average, according to the taxinfo website, around 10% of total tax receipts are paid with corp taxes. Lizzie, you are confusing corporate tax rates with the proportion of taxes paid by corporations. The tax rate is not 10%, it is 34%. Corporations, paying 34% tax on pretax income, account for 10% of tax receipts. Until you understand the difference between the two, how can we continue this discussion?