Most Likely Form Of Tax Increase - VAT
 

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?

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?

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

the flat tax is dead?
 

haven't heard anyone ->saying otherwise

but have heard that the carbon tax is gaining momentum

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

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