Quote:
Originally Posted by Joe
You must know the difference between the sales tax and the vat - stop baiting Spence, it's the holidays
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Not baiting at all, VAT puts more emphasis on consumption as the producer is usually able to recover their fraction of the tax by producing more goods or services.
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