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1. The VAT is nothing more than a renamed fair tax, which is a national sales tax.
2. The problem with a national sales tax, is those of us who spend a majority to all of our paychecks, week to week, just to get by would effectively be paying a tax rate of 100%.
3. Where as anyone making above a certain income level, where all of their needs are meet, are free to take there money, and stash it, and not pay taxes on it at all.
4. This is where a flat tax could help.
1. A VAT is a tax on every human effort.
2. If the "national sales tax' were to be "fair" it would need to apply to the purchase of stocks and bonds.
I believe the only fair way to tax, is by percentage, not monetary levels.
3000 dollars is a hell of a lot more money, than 25,000 when you're making 250,000 a year.
Its harder to make ends meet with 27,000, than it is with 225,000 dollars.
yes but the liberals mantra when the bush 1% across the board tax cut was its 'cuts for the rich' because he will be getting 30k from his 300k back, and the poor will only get back 3k from thier 30k
My experience with VAT in Britain is that they add some 18% to the price of goods and services but also keep all the other taxes in place. The politicians simply spend the money buying votes, and then spend even more than they have so now they need more money again. No matter how much money a government has coming in from taxes, they will spend it and then want more so they start borrowing, then printing money.
My experience with VAT in Britain is that they add some 18% to the price of goods and services but also keep all the other taxes in place. The politicians simply spend the money buying votes, and then spend even more than they have so now they need more money again. No matter how much money a government has coming in from taxes, they will spend it and then want more so they start borrowing, then printing money.
What percent VAT tolls to the 18% increase in retail price?
yes but the liberals mantra when the bush 1% across the board tax cut was its 'cuts for the rich' because he will be getting 30k from his 300k back, and the poor will only get back 3k from thier 30k
Thats because the rich were already paying a lower tax rate then most of the middle class.
Perhaps he should have given the middle class a 2% tax cut, and tell everyone else they were lower already.
What percent VAT tolls to the 18% increase in retail price?
And, do the Brits put a sales tax on THAT total?
British value added tax is the the sales tax, everything has a price including the 18%, you never notice it. A jar of grape jelly 20 years ago was $10. Food is very expensive and so is renting. They tout how much wages are in Britain but leave out the cost of living.
The best tax would be a flat rate tax on all corporate transactions to replace all other taxing mechanisms.
It would be the closest to the framers intent.
I'd get on board with that one. It'll never happen though, corporations like their loop holes. Its sad really, they make more money by cheating the system with lawyers, tax professionals, and off shore accounts, then they would by accepting a flat tax.
A flat tax, with no loopholes would mean they'd have to pay their taxes.
I'd get on board with that one. It'll never happen though, corporations like their loop holes. Its sad really, they make more money by cheating the system with lawyers, tax professionals, and off shore accounts, then they would by accepting a flat tax.
A flat tax, with no loopholes would mean they'd have to pay their taxes.
The tax ultimately would be passed on the retail purchaser, but it would be an indirect tax to constitutionally replace the wage tax.
It would be a gross transactions tax, so the corporations wouldn't need MBA CPA's to figure the transfer amount to the Government.
Probably more workable, though, would be a corporate gross sales tax. (How much money did your corporation receive in gross sales? Pay the percentage tax.)
The tax ultimately would be passed on the retail purchaser, but it would be an indirect tax to constitutionally replace the wage tax.
It would be a gross transactions tax, so the corporations wouldn't need MBA CPA's to figure the transfer amount to the Government.
Probably more workable, though, would be a corporate gross sales tax. (How much money did your corporation receive in gross sales? Pay the percentage tax.)
Corporations do not pay tax, they collect tax and send it on to the government; something to think about when too many rules and regulations put them out of business.
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