10-29-2004, 02:12 PM | #41 (permalink) | ||
Junkie
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In order to completely switch to VAT we'd also have increase the VAT more to cover that money. Also, since most people spend most of their money on non-VAT taxable items we have to make it even higher. Before you know it, we are charging over 70% on VAT items. Quote:
Furthermore, what about buying a car? Say there is this $20k car. With a 70% VAT on there it's up to 34k. You have to pay interest on the VAT! Fuck that. |
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10-29-2004, 03:42 PM | #42 (permalink) | |
Easy Rider
Location: Moscow on the Ohio
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I wonder how we Americans would react if we really knew how much taxes we pay. Imagine if there was only a sales tax and that loaf of bread was marked 25 cents but when you got to the checkout counter they added $1.80 in taxes instead of taking it out at every step of production like we do now. (figures are for illustration purposes, I still don't know how much of the price is due to taxes, I'm guessing it's a large percentage) |
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11-28-2004, 01:18 AM | #43 (permalink) | |
Still searching...
Location: NorCal For Life
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I want to revise my system a little. Dependancy rates would be regressive. One dependant would get about an additional $10,000 tax free, instead of $13,000. A second dependant would be an additional $8,000 or so. So a family of three would get $31,000 of their income to be left un-taxed instead of $36,000. As for a VAT or sales tax, I like it because people only pay when they spend, hopefully encouraging saving, but unfortunately low income households are punished because it is harder for them to save. One solution might be to not tax necessity items like food.
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"Only two things are certain: the universe and human stupidity; and I'm not certain about the universe." -- Albert Einstein Last edited by madsenj37; 11-28-2004 at 01:22 AM.. |
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11-28-2004, 11:42 AM | #44 (permalink) | ||
Banned
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The illegal Guatemalans that used to live near me had about eight people in the same house receiving government assistance. That beats the hell out of the deal you think is so sweet. |
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reform, tax |
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