VAT is a job killer and doesn’t work at all. Look at Europe, to see what having a VAT and an income tax looks like.
Chile for one works quite well with their VAT, 17+%. But they don’t also have an income tax to go along with it.
VAT is a job killer and doesnât work at all. Look at Europe, to see what having a VAT and an income tax looks like.
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Wasn’t that the gist of Huckabee’s Fair Tax plan; VAT.
Each purchaser in the chain of producing and buying anything would have to pay a tax, thus progressively raising the price of goods to the ultimate consumer. What an idiot!