To: GeronL
VAT is not a sales tax. I understand it as it increases the cost of the product at each step of the way to become a retail product so at the retail sale the states collect the sales tax income on that increased price and the the Feds get their tax income before that happens.
112 posted on
04/07/2010 7:44:59 PM PDT by
RedMDer
(0 = one D Ten T : Recycle Congress in 2010, 2012... Forward with Confidence! Forward!)
To: RedMDer
The hidden part is what the sheeple will blame on the companies.
113 posted on
04/07/2010 7:47:19 PM PDT by
GeronL
(There is only a "Happily ever after" for you if you're the one writing your own script)
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