Re: I may be crazy

Kevin Goebel <kevin_at@xxxxxxxxxxxxxxx> writes:

The part that bothers me is that some references to a VAT in the US
don't mention that it will replace Federal income tax, just that it
would be an additional source of revenue for the Federal government.

Would it? Many states (mine, for example) have sales and income taxes.
The Federal government has income and various excise taxes (firearms,
alcohol, tobacco, I think computers too--and lots more).

I find it highly optimistic to think that it'd limit itself to a single
VAT rather than add a VAT to its bag of tricks. If nothing else,
there's the tax-agent and tax-preparer lobbies to consider.

--
Robert A. Uhl
.

Relevant Pages

  • Re: Are Whales Fish? The 1818 Trial
    ... of your income you spend. ... you're interested in data on the regressive nature of sales taxes, ... In practice there are only three VAT rates in Europe: ... Not on top of, income tax and VAT. ...
    (talk.origins)
  • Re: Finally she gets hers!!!!
    ... their expenditure matched their income, they were also paying hugely more ... and higher rates was retained. ... isn't really progressive in the sense that a person with more means to pay ... Then if you are less well off you can avoid paying quite a bit of VAT by ...
    (uk.religion.christian)
  • Re: Finally she gets hers!!!!
    ... their expenditure matched their income, they were also paying hugely more ... Mrs T had removed all the higher tax rates, ... So how would you arrange it so that VAT is progressive? ... isn't really progressive in the sense that a person with more means to pay ...
    (uk.religion.christian)
  • Re: Sales tax
    ... fraction of their income on, at the same rate as purely discretionary ... much lower rate than standard VAT. ... income tax and welfare payments (as well as other parts of the tax ...
    (alt.usage.english)
  • Re: VAT flat rate & bank interest
    ... >Query about whether bank interest received counts as income for vat flat ... >rate turnover (company client, so there is no argument that its "private" as ... >I've told a client that interest is subject to flat rate. ...
    (uk.business.accountancy)