BoatBanter.com - View Single Post - About tax rates and Universal Health care

iBoaterer[_2_]

In article , says...

On 4/17/2012 9:23 AM, iBoaterer wrote:
In ,
says...

On Mon, 16 Apr 2012 14:56:47 -0400, wrote:

In ,
says...

On Sun, 15 Apr 2012 09:10:45 -0400, wrote:

In ,
says...

On Fri, 13 Apr 2012 15:18:03 -0400, wrote:

Interesting that some of the countries that have universal health care
for all have a lower tax rate than the U.S.

http://images.turbotax.intuit.com/iq...lib/fun/world-
taxes/turbotaxworld.html

You are ignoring the 15-17% VAT tax they pay on everything they buy
(sometimes cascaded throughout every step of production), a $5 a
gallon gas tax and other taxes.

It should also be noted the vast majority of Americans pay nothing
near that 35% top rate
A couple, no kids, no mortgage, making $100,000 a year, taking the
standard deduction and 2 exemptions with $800 MWP credit pays about
12% of their gross in income taxes

(get a 1040 and try it)

First, there are VAT taxes all over the U.S. also. Here in PA for
example, to renew your car tag, you pay "ad valorim" tax every year on
the value of your car. As for the article, the numbers given are clearly
stated as "median".

You really need to find out what a VAT tax is. It has nothing to do
with personal property taxes. It is a tax based on the markup every
time someone manufactures or handles a product from the mine where the
ore comes from to the product you end up buying, a new tax, every step
along the way.
Governments like it because it is a hidden tax buried in the price, so
they can still add a sales tax when you buy it and a property tax as
long as you own it if they like.

I'm fully aware what a VAT tax is and I never said anything about
personal property tax. Neither does Ad Valorem.

Ad Valorem (in latin it means "according to value") taxes are
personal property taxes. In this case the property is your car but
other states extend that to any asset they can find to tax. Most have
taxes on real estate.
It is still not a VAT tax.

They both are consumption based taxes, period.

neither are income taxes, period...

You aren't making any sense... again..