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To: John Carragher who wrote (59426)	3/11/2004 10:21:54 AM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 64865

it sounds like he is advocating VAT on all workers instead of the current FICA system. So that would mean applied materials pays a 10% VAT when they offshore work to India. I can't see how that would hurt low wage workers, they are already getting socked with fica.

To: John Carragher who wrote (59426)	3/11/2004 12:47:42 PM
From: Charles Tutt	Read Replies (1) \| Respond to of 64865

The black market can be a problem, but I don't think it involves anywhere near "most of the people" in the EU. There's plenty of income tax evasion, too. And what I suggested could exempt things like food. JMHO. Charles Tutt (SM)

To: John Carragher who wrote (59426)	3/11/2004 2:24:47 PM
From: JDN	Respond to of 64865

IMHO its far more difficult to escape VAT tax then income tax. As an example look at all the money made illegally and never reported thus never taxed. The VAT is collected at the source with each stage of manufacturing or service adding its share and remitting to the govt, of course it adds to the price of goods and services BUT we could easily exempt things like Food and Drugs (much as we do now on most sales taxes)which would alleviate the pain on low income peoples as they spend most of the $$ on the basics. I would like a VAT tax ESPECIALLY if we eliminated the INCOME TAX altogether. Or at least ONLY apply it on large incomes and with reduced rates. jdn