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To: EternalVigilance
The NRST is most definitely NOT a VAT.

You are showing your ignorance. Maybe you could enroll in an economics class at your local community college.

288 posted on 02/03/2005 1:17:57 PM PST by SolidSupplySide
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To: SolidSupplySide

The NRST is definately not a VAT. They are "similar" and even "essentially the same" in some regards economically, but the two are not interchangeable terms when refering to tax plans.

A VAT is collected at every stage of production, and can be emplemented to allow cascading taxes, or not allow cascading taxes. It can be implemented to be completly visible to the consumer, completely invisible, or somewhere in between.

A sales tax (general term used for Retail Sales Tax) is collected at the retail level only, not at the previous levels of production.


297 posted on 02/03/2005 1:23:38 PM PST by OHelix
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To: SolidSupplySide
The Value Added Tax, that adds the cost of the tax into every stage of production, is most certainly NOT a National Retail Sales Tax that only applies the Tax at the point of Retail sale.

Your continued statements to the contrary notwithstanding.

299 posted on 02/03/2005 1:24:07 PM PST by Dead Corpse (Cum catapultae proscriptae erunt tum soli proscript catapultas habebunt.)
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