Click here to view original web page at amgreatness.com
Let’s imagine you’re buying a new car (and we’ll have to imagine, because no one can afford one right now). In most states you pay sales tax—some states charge a luxury tax as well. On average, only 94 percent of the dollars you spend will actually go toward the car, with the remainder paid to the government. Mind you, you won’t be able to drive the car anywhere until you pay the government a further fee to register it.
And of course, the dealer has marked up the car over his wholesale cost so he can make money. Don’t be fooled when you see that a typical markup is between 2 percent and 5 percent—that’s the markup over the suggested retail price , not the dealer cost. The actual markup may be 25-45 percent over the manufacturer’s price.
The markup is so substantial because the dealer’s operating costs eat up most of his profit: Among other things, he has to pay a 21 percent corporate income tax on everything he earns. He also had to pay sales tax when he bought the car from the manufacturer. If he leases the dealership building, the price of his lease includes the property tax paid by the building’s owner. The cost of his employees includes the benefits he is required to give them, and it also includes the income tax his employees will pay—since their real salaries are only what’s left after they pay their taxes. All these costs are passed onto the consumer. Some of the costs represent real added value—the dealer helped you find the car, let you test-drive it, and warranties its quality. But about half of the markup—let’s say 15 percent of a 30 percent markup—is going to pay one or another form of taxes.
So we’re down to just over […]
We Often Feel Like David Taking on Giants
Today’s Goliath is the Mainstream Media Industrial Complex that brainwashes the masses.
Our mission is very straightforward: To counter the false narratives and nefarious agendas destroying America today. It isn’t easy for obvious reasons; despite incredible growth over the last year we are still a very tiny fish in a huge media pond. But we’re fighting and we will continue to do so, Lord willing, for as long as we possibly can. The battle for America’s present and future is too important for us to back down to the giants that stand in our way.
We need help. I don’t want to say “desperately,” but the need is definitely great. If you have the means, please donate through our GivingFuel page, PayPal, or our Substack page. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker