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To: TBP

There’s not a single country that has engaged on a value-added-tax (VAT, sales tax) that has dumped income tax. Most European countries run a minimum of 15-percent on the VAT, and maintain their income tax bracket.


6 posted on 07/01/2019 10:40:57 PM PDT by pepsionice
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To: pepsionice

I think it was 18% when I was in Iceland.


11 posted on 07/02/2019 3:20:13 AM PDT by EEGator
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To: pepsionice

“There’s not a single country that has engaged on a value-added-tax (VAT, sales tax) that has dumped income tax. Most European countries run a minimum of 15-percent on the VAT, and maintain their income tax bracket.”

Yep, that is the case. No matter how they sell it, they are only doing it for one reason, and that is to INCREASE REVENUE, and they’re not about to remove their other sources.

But yes, there will be a hard push for a VAT if they win, and yes, part of the push will be an appeal to our side by saying “even Illegals will have to pay the VAT”, and yes, many of the ‘leaders’ on our side will say “daa, makes sense to me, daa”.


30 posted on 07/02/2019 5:15:59 AM PDT by BobL (I eat at McDonald's and shop at Walmart - I just don't tell anyone.)
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To: pepsionice

In Britain VAT is up to 21%, IIRC.


44 posted on 07/02/2019 6:29:36 AM PDT by originalbuckeye ('In a time of universal deceit, telling the truth is a revolutionary act'- George Orwell..)
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