Most Likely Form Of Tax Increase - VAT
Looks like their tossing around the idea of a VAT or value added tax - if the economy recovers to the point where it could support it.
If you make anything in your basement, or if you sell decals and books that you published yourself, that's a scary tax... If you've ever shipped a package overseas you've probably noticed the VAT field, but left it blank. That's because we're one of the few countries that have been without it. Basically, you pay a tax on whatever value you add to the product from the raw material or pre-manufactured stage. |
thats insane.
Maybe now you can start working on the Worst President Ever decals? |
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It's the guy with the Biden lineup of decals and tees waiting just over the grassy knoll, that's really going to make a killing.
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I think you'd better get used to consumption based taxes...
-spence |
isnt that what sales tax is?
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-spence |
You must know the difference between the sales tax and the vat - stop baiting Spence, it's the holidays
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I think we all better get used to more taxes period. Thanks Spence
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the flat tax is dead?
haven't heard anyone ->saying otherwise
but have heard that the carbon tax is gaining momentum |
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House approves $1.1 trillion spending measure. "The measure provides spending increases averaging about 10 percent to programs under immediate control of Congress" House approves $1.1 trillion spending measure - Yahoo! Finance |
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I don't think a VAT will fly though. What I do think we'll see are more direct consumption based taxes, drive more pay more, build a bigger house pay more etc... -spence |
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