I asked you first windbag...So, show us the math, or at least give us a source.
Actually windbag, had you BOTHERED to read the thread, you would see that that is EXACTLY the claim that was made...That's a classic Straw Man Fallacy. You have completely twisted and distorted the position in order to deceitfully misrepresent the position.
No one said a 2.3% sales tax turns into a 50% tax, and only you would be dumb enough to say something as stupid as that
So now its 2.3% = 15%...A 2.3% sales tax on the manufacture turns out to be a 15% tax on the end-user. The manufacturer is originally saddled with the 2.3% tax increase when they make the sale to a whole-sale distributor. The wholesale distributor must pay more, and as a result, increase the prices of the medical devices when when they sell them to retailers or other distributors. Since retailers and distributors are paying higher prices, they must increase the sale price of the medical devices to cover their losses to the end-users, so the price ends up increase in this instance about 15%.
ya it is...It is neither "off-topic" nor irrelevant and it is not simple math.
A Bachelors in Arts... LOL... no wonder you think its hard math... No wonder you think running tangentially from a particular argument is still on topic... No wonder you think 2.3% = 15%... BA... good job tiger.Contrary to your claim, elasticity is not easily determined. If you had a BA in Economics (like I do), you'd know that. In order to determine the elasticity of your product or services, you must conduct a survey of users to see how they'll react to changes in prices (or you have to pay to hire a consulting firm to do that for you -- which is what 90% of companies do), then statistically analyze the data and then do your cost scenarios.