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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (28844)4/8/2010 6:17:31 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 103300
 
(So, if you are looking for "who" is pushing for an American VAT you are probably looking behind the wrong tree. <GGG>)

Interesting assessment... except the White House is now considering it as the only way to pay for the health care pipe dream, they calculate a 20% VAT would bring in one trillion a year...<g>

GZ



To: DuckTapeSunroof who wrote (28844)4/8/2010 6:26:13 PM
From: Wayners4 Recommendations  Read Replies (1) | Respond to of 103300
 
Seems to me with VAT, businesses are forced to pay tax on goods that potentially may never ever even be able to sell or if they do sell it's a discount and a loss, increasing their losses even more. The cost of inventories will be a lot higher. Also seems like the paperwork and administrative costs have to be enormous.


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