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Paladin Paladin is offline
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First recorded activity by BoatBanter: Aug 2006
Posts: 188
Default OT / My pet peeve *fatties*... more VAT


"Joe" wrote in message ups.com...
How's about a flat sales tax of 10% for American made goods and 15% for
imports.



Are you getting up there in age, Joe? Do you have any money saved for retirement? If you do have money saved,
it is money you paid income taxes on, most likely. What if you have 100 thousand dollars saved. It's worth 100 thousand
dollars. If they all of a sudden get rid of income taxes and put on a sales or "consumption" tax of 20% (that's the
minimum it will take BTW) your 100 thousand suddenly is worth only 80 thousand to you. You have just been taxed TWICE
on the same money. Can you live with that. Can your parents if you are young and don't have any retirement savings?

Can you just imagine the huge Canadian or Mexican black market that would result if people could keep from paying that
20% consumption tax?


Paladin
(Have gun - will travel)



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