Saturday, November 7, 2009

VAT (Value Added Taxes) Revisited

In Britain, the value added tax has grown from 10% to almost 18% and is headed higher, In Europe VATs run as high as 25%.

VATs are vicious because they are hidden, They never appear as a tax but as part as the cost of what you buy. The consumer usually never rails directly against the politicians responsible for imposing them but the merchants on the retail end of the transaction.

This is perfect for use by left-leaning politicians. The merchant is also stuck with the paperwork and the inherent bureaucracy that is part and parcel of such taxation.

Now you see why left-leaning politicos in this country are now entertaining the idea of using VATs to pay for their budget deficits while claiming they are not raising taxes on the poor and middle class. The VATs do just that.

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