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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: hmaly who wrote (164535)	3/17/2003 10:26:20 AM
From: i-node	Respond to of 1574333

Frankly, I am in favor of a VAT type tax. VAT is a nightmare. A NST is my preferred alternative. I've yet to see anyone make a really good argument against NST (I've some people who THOUGHT they did<g>...). But either way, a consumption tax is a huge improvement over this garbage we have today.

To: hmaly who wrote (164535)	3/17/2003 1:10:55 PM
From: SilentZ	Read Replies (2) \| Respond to of 1574333

>Frankly, I am in favor of a VAT type tax. We should tax consumption, rather than production. No deductions, but rather a payback allowance for people under a certain income level. Then, most of the taxes would be paid by businesses, as each time a product moves through a production cycle, or is sold, it will be taxed. The gov. would get its money, without all of these ridiculous tax laws, and people would really feel it, as businesses would pay most of the tax, before the consumer sees it. And the business would just raise the prices of their products to pay the taxes. -Z

To: hmaly who wrote (164535)	3/17/2003 4:51:07 PM
From: TimF	Respond to of 1574333

One problem with a VAT tax is people might not realize how much they are paying. They will probably pay a specific amount for tax on each item but they won't know how much of the taxes are for the value added transactions along the way as the item is produced. When a computer maker buys an Athlon they will pay VAT on it, and the price will get paced on to the retailer who buys the computer and then the consumer. The consumer will see a tax item for the last step but not for all the other steps. (and I didn't even mention AMD's suppliers). Another problem is the transition. Having both tax at the same time, one phasing in while the other phases out risks having both be permanent, but trying to change in one year is difficult. Tim