The Value Added Tax: A Hidden New Tax to Finance Much Bigger Government
This Center for Freedom and Prosperity Foundation video explains why a value-added tax would be a dangerous money machine for big government. The evidence from Europe also shows that VATs actually lead to higher income taxes. www.freedomandprosperity.org
Related posts:
- A Red-Ink Train Wreck: The Real Fiscal Cost of Government-Run Healthcare
- Receive A Us Government Tax Refund For Your Withheld Tax On Casino Jackpot
- The Laffer Curve, Part III: Dynamic Scoring
- Self Employed Tax Deductions….discover the Unclaimed Tax Deductions That Lie Secretly Hidden in Your Home Business Tax Returns
- Self Employed Tax Deductions….discover the Unclaimed Tax Deductions That Lie Secretly Hidden in Your Home Business Tax Returns
July 27th, 2010 at 8:05 am
libturds have a boner about taxes…jeez
July 27th, 2010 at 8:48 am
Then they wonder why businesses and jobs are leaving the country in droves. We now have more government jobs than manufacturing jobs.
July 27th, 2010 at 9:17 am
It is another hidden tax that raises prices on all products and services. The Government waste billions of tax dollars a year. The average house hold spends $8000 in regulatory and hidden tax already. If the Federal and States can not balance their budgets they don’t deserve one penny more of our hard earned dollars.
July 27th, 2010 at 9:30 am
@MigDanskeren And I wonder what value you get from your govt for all those high taxes, not much I gather just like here in the USA. Taxes are nothing more than a transfer of wealth.
July 27th, 2010 at 9:37 am
@666789443 Well what do you think?
July 27th, 2010 at 10:14 am
get busy this fall vote out a dummycrat in 2010
July 27th, 2010 at 10:40 am
read the small print because VAT is a massive scam to get illegal tax revenue from consumers through business accounting. 70% of people that pay VAT are not eligable to pay VAT but they do because it has been added to their final value bill
July 27th, 2010 at 10:46 am
Just another way to pick your wallet for their big government programs. they will dime us to death.
July 27th, 2010 at 11:28 am
@luciferiexcelsil
46k in the US.
The thing is that GDP includes public consumption and as Denmark has a lot of wasteful public consumption the GDP is artificially high, but people are no better off regardless of these inflated numbers.
The other problem is that even a more honest representation of production is not worth very much to the people if government takes more than half.
July 27th, 2010 at 12:09 pm
@MigDanskeren but the per capita in Denmark is almost 55k $. whereas in the U.S is barely 30k $…
July 27th, 2010 at 12:13 pm
@danielmy08 you must calculate subtract the vat from your suppliers price work out how much you want to charge then add the VAT to equal your selling price. when it comes to doing your books you adjust as stated you get the tax back for the supplied parts/stock and pay the government the tax on your final sale. If that makes any sense.
July 27th, 2010 at 12:44 pm
@danielmy08 Its free to register. If the tools etc you buy are to be used solely for your business then you don’t pay VAT on them. Yet you must charge VAT at current rate on top of the product price to your customer at the point of sale. If you buy from a VAT registered company and then sell on to your customer adding an additional VAT on top of an already paid VAT, your taxing twice. In the UK this is illegal and you can be fined for not doing your books correctly. You can not tax on tax.
July 27th, 2010 at 1:39 pm
This guy is 100% correct…VAT for governments is like a life of crime to a bum…the more they get habituated to it …the more corrupted and money hungry they become.
July 27th, 2010 at 1:47 pm
@fireicer what does it cost to register for VAT in the UK? How is it you don’t pay VAT on tools etc…seems to me that VAT is levied on everything except essentials like food and stuff for kids.
July 27th, 2010 at 2:40 pm
@plutocratarianism VAT in the UK only becomes compulsory at 65,000 annum turnover bellow this you do not need to be registered or charge vat to your customer. but if your supplier has a turnover of 65k+ then you buy parts with VAT and sell at your price. It does hurt your pocket i just got VAT registered and on everything i buy for my business as a supply, parts or tools i don’t pay VAT. I charge the VAT on the product i sell to the customer at % rate.
July 27th, 2010 at 3:38 pm
well that’s how it should work anyway weather it does is another matter lol. a intel processor at cost $500.00 sold in us is sold to the UK at $500.00 after conversion then mark-up and 17.5% VAT makes this processor much more expensive reducing the overall export sales from America due to the higher price. Hence VAT would help balance out and strengthen the global export sales from America. again i am not saying it works but that’s the supposed principle.
July 27th, 2010 at 4:16 pm
VAT does not work like that lol it is designed to stop traders charging you silly high prices that’s what it for. where you fail in the above explanation is that you cant tax on top of tax technically. a furniture builder claims back the VAT or does not pay VAT if they are VAT registered its the consumer that pays the TAX VAT not manufacturer/supplier. to compete the retailer would have to reduce there prices to match the current price forcing sellers not to overprice product
July 27th, 2010 at 4:52 pm
Log on InstantRipoffserviceDOTcom to voice your frustrations on the IRS with a T-Shirt
July 27th, 2010 at 5:22 pm
Our goverment is out of control. Vote, get involved at a local level.
July 27th, 2010 at 5:31 pm
A VAT tax in the U.S. would cripple Free Trade as it would be placed on all consumption and tariffs on imports, it would bring us into a deeper recession, Herbert Hoover tried this with the Smoot Hawley Tariff Act and that just deepened the Depression.
VAT taxes could also give the government enough power to cap and trade imports and put price ceilings on imports coming into the country.
I really can’t see Libertarians or Conservatives voting for a VAT tax because they both want Free Trade.
July 27th, 2010 at 6:04 pm
@jers59 @jers59 But how? Other than voting in November (but ACORN may rig the elction again) what can we do?
You are a slave. You live on a plantation called America. Your masters? Obama, Pelosi….
July 27th, 2010 at 6:26 pm
@jers59 But how? Other than voting in November (but ACORN may rig the elction again) what can we do?
You are a slave. You live on a plantation called America. You masters? Obama, Pelosi….
July 27th, 2010 at 6:59 pm
thanks dan
July 27th, 2010 at 7:43 pm
@SenorZorrozzz stop sitting on your ass if obama and the other scum try to inpose VAt, start revolution remove the filthy anti american scumbags from our country
July 27th, 2010 at 8:12 pm
It’s unconstitutional. It violates the tenth amendment. Sales tax is state powers. The federal government has never charged sales tax.