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Old 12-11-2009, 12:04 PM   #1
Joe
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Join Date: May 2001
Location: Rhode Island
Posts: 3,650
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.

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