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A Thousand Dollar Gold Today
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Larry
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First recorded activity by BoatBanter: Jul 2006
Posts: 5,275
A Thousand Dollar Gold Today
DoctorD wrote in news:52c235b1-dc44-401d-b50a-
:
0 - 10.25 US VAT charged in the US
Your concept of VAT needs training. In the US, the sales tax is only piled
upon the consumer at the END of the food chain, just once. VAT is piled
upon EVERY link in the money exchange chain from the mine to the consumer,
multiplying its real percentage into the price the consumer pays many times
over.
VAT is the tax that KEEPS ON GIVING.
Back when our taxes were nearly nil is when the United States became the
rich envy of the world. This is no longer the case.....
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