Tax It All!! (the VAT), page 1

That was the initial title of this article. (not my title)

Story Here

Now that the federal government is doling out billions in stimulus spending and bailouts, and looking for billions more for health care reform, the prospect of a national sales tax could be gaining some traction.

also -

The value-added tax, or VAT, as it is called, amounts to a tax-on-everything -- or TOE, for the acronym-inclined. It's a tax on goods that's applied in pieces throughout the chain of production and distribution and results in an increase in the cost of virtually everything you buy.

Some conservatives have called for something similar -- the so-called Fair Tax -- that would replace the federal income tax system with a national retail sales tax.

But critics of the VAT say it would almost certainly not be implemented as a replacement for the income tax system -- rather, it would be just another tax, on top of the income tax, the state sales tax and everything else.

This is more than a consumption tax. Both dems and republicans who are calling for this want it in addition to income taxes. And don't forget that Obama wants that mandatory 'help the poor in the entire world' tax put on us all .. (I've got no idea what the name of that tax is).

Tax on income. Tax on goods. Tax on services. chatter about tax on the internet.

Tax .. tax. .. tax.... We are slaves to the state. Can it be any more obvious?

Most of the Western world has VAT, but not state / county tax.

You can read more here.

Value Added Tax

I have a lot of business dealings with VAT in the UK and I am happy to answer any questions about the UK implementation of VAT.

I posted a thread on this yesterday here....although it's from a different article.
www.abovetopsecret.com...

This is does nothing to curb the size of government...only supports it.

VAT is mandatory for UK companies who turnover more than ~£60k p/a.

If your company doesn't exceed that value, then you can become voluntarily registered, which is something i've done to reclaim all the 17.5% charges on invoices from three years previous.

Companies can stay competitive by not becoming VAT registered and thus undercutting competitors quotes.

There was something a while back called Carousel fraud, where people were bypassing VAT by sending goods around the houses in European countries and still charging the end customer for VAT.

Since the bailouts, the UK g'ment has reduced VAT to 15%, but suspect it will rocket to 19% once they are ready to push forward with their full blown over-taxation/hyperinflation plan.

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