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To: Mind-numbed Robot
Actually, the way I see it, the selling point of a VAT is that it can generate the same revenue as a sales tax with a lower rate. I don't see anything wrong with that picture. (#6)
How could that be, mathematically?
The VAT is harder to evade. Less evasion mean you can generate the same revenue with a lower rate.
62 posted on 10/10/2005 11:12:39 AM PDT by Your Nightmare
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To: Your Nightmare

What about FICA? You didn't address that.


65 posted on 10/10/2005 11:31:46 AM PDT by Mind-numbed Robot (Not all that needs to be done needs to be done by the government.)
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To: Your Nightmare

The VAT is, in fact, quite easy to evade and there have been many articles which point this out.

I suggest you read them. (You can look them up ... they are numerous).


79 posted on 10/10/2005 2:25:12 PM PDT by pigdog
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