Looks like their tossing around the idea of a VAT or value added tax - if the economy recovers to the point where it could support it.
If you make anything in your basement, or if you sell decals and books that you published yourself, that's a scary tax...
If you've ever shipped a package overseas you've probably noticed the VAT field, but left it blank. That's because we're one of the few countries that have been without it. Basically, you pay a tax on whatever value you add to the product from the raw material or pre-manufactured stage.

thats insane.
Maybe now you can start working on the Worst President Ever decals?

thats insane.
Maybe now you can start working on the Worst President Ever decals?

Stop it, your dashing the dreams of many:rotf2:

It's the guy with the Biden lineup of decals and tees waiting just over the grassy knoll, that's really going to make a killing.

I think you'd better get used to consumption based taxes...

-spence

isnt that what sales tax is?

isnt that what sales tax is?

Yes, but I'm speaking more generally of all around.

-spence

You must know the difference between the sales tax and the vat - stop baiting Spence, it's the holidays

I think we all better get used to more taxes period. Thanks Spence

haven't heard anyone ->saying otherwise

but have heard that the carbon tax is gaining momentum

thats insane.
Maybe now you can start working on the Worst President Ever decals?

I think many presses broke down b/c they had to print so many for Pres. Bush.

I think many presses broke down b/c they had to print so many for Pres. Bush.

Seems the printing presses are working just fine Paul:fury:

House approves $1.1 trillion spending measure.

"The measure provides spending increases averaging about 10 percent to programs under immediate control of Congress"

House approves $1.1 trillion spending measure - Yahoo! Finance (http://finance.yahoo.com/news/House-approves-11-trillion-apf-1014976297.html?x=0&.v=15)

You must know the difference between the sales tax and the vat - stop baiting Spence, it's the holidays

Not baiting at all, VAT puts more emphasis on consumption as the producer is usually able to recover their fraction of the tax by producing more goods or services.

I don't think a VAT will fly though.

What I do think we'll see are more direct consumption based taxes, drive more pay more, build a bigger house pay more etc...

-spence