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To: GraceG

They want a Value Added Tax.

The VAT is a real killer. It taxes at every level of the goods from manufacturing to the end sale. A one dollar item becomes two dollars by the time it is sold.

A national Retail Tax is taxed at its final sale. A One Dollar Item is sold for $1.15 at the final sale if the tax is 15%, or whatever the rate is.


45 posted on 07/02/2019 6:33:35 AM PDT by crz
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To: crz

A VAT is a tax at EVERY LEVEL.... it is a sales tax + a tax on every step... this is why socialists love it


47 posted on 07/02/2019 7:50:14 AM PDT by GraceG ("If I post an AWESOME MEME, STEAL IT! JUST RE-POST IT IN TWO PLACES PLEASE")
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