Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: reaganaut1

BFD, Europe has the VAT, isn’t that like a Tarrif? Those who can afford will buy.


2 posted on 07/10/2018 6:36:27 AM PDT by Bringbackthedraft (?? forgetaboutit.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Bringbackthedraft

No, VAT, isn’t like a Tarrif. It is much easier to understand if you think about it as a sales tax imposed at every step of production which adds value to the work in process. Thus, the name.


3 posted on 07/10/2018 6:43:21 AM PDT by Vigilanteman (ObaMao: Fake America, Fake Messiah, Fake Black man. How many fakes can you fit into one Zer0?)
[ Post Reply | Private Reply | To 2 | View Replies ]

To: Bringbackthedraft
Consumption taxes are tariffs, VAT, sales taxes, and property taxes while income tax is a production tax.

The US govt previously did use tariffs but dropped it as they successfully implemented the income tax

And that opened the door for state and local govt to implement sales taxes.

13 posted on 07/10/2018 7:15:56 AM PDT by Ben Ficklin
[ Post Reply | Private Reply | To 2 | View Replies ]

To: Bringbackthedraft

You sound like a liberal: “Oh, people don’t change their behavior because of tax policy.” (Except experience has proven over and over that they do.)

Tariffs are taxes, and you’re now claiming that no harmful effects will occur because of that tax, even though other taxes provably do cause behavior to change. (Why do you think we have “sin” taxes?)


32 posted on 07/10/2018 9:39:54 AM PDT by TBP (Progressives lack compassion and tolerance. Their self-aggrandizement is all that matters.)
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson