intmid8or!
Problem Child
If I used to pay $10 bucks for something, then price goes up to say...$12 bucks.
Is that a 2 percent more or a 20% more??
Is that a 2 percent more or a 20% more??
If I used to pay $10 bucks for something, then price goes up to say...$12 bucks.
Is that a 2 percent more or a 20% more??
Let's try something different...
Before tax: $4321
After 10% tax: $4753.10
After 12% tax: $4839.52
Difference in tax paid = $86.42 which is 2% of $4321
The tax rate was increased by 20% but only equates to a 2% difference in your pocket.
Bahaha, wicked. Percent change is the way to compare an old value to a new one, so the formula is as follows: ((New Value - Old Value)/ Old Value) x 100%... So in your case ((12 - 10)/10) x 100% = 20%. So you payed a 20% higher price than previously. In short everyone NDP will raise corporate taxes 2 percentage points (absolute change), but the relative change in interest is (12% - 10%)/10% = 20% (this is the actual percentage). Oldest trick in the book boys.If I used to pay $10 bucks for something, then price goes up to say...$12 bucks.
Is that a 2 percent more or a 20% more??
20% of $10 is $2. What do I win?
If it's done correct no need for a pencil....
Which is totally irrelevant to the original question.Let's try something different...
Before tax: $4321
After 10% tax: $4753.10
After 12% tax: $4839.52
Difference in tax paid = $86.42 which is 2% of $4321
The tax rate was increased by 20% but only equates to a 2% difference in your pocket.