posted on Aug, 4 2012 @ 03:12 PM
The Government tax the taxes...
.. always seem wrong to me
I live in Quebec and this is how the taxes are applied
5 % PST and 9.5 % TVQ ( Taxe de Vente du Quebec / Quebec sale tax )
We have 2 separate sales taxes and they charge the TVQ on top of TPS.
lets say i bought an item worth 10$ after txs it will cost me 11.50$...huh ? but the combined taxes amount is 14.5 % so its supposed to cost me
Where that extra 5 cents come from ?
Taxing the tax :
10$ x 5% = 0.50 = 10.50$ and then they apply the 9.5% on the 10.50$
10.50$ x 9.5% = 1.00 = 11.50$
I let you do the maths for higher amounts like buying a car... it add up pretty fast
As for the penny issue
In the present economy, if my country can take 35 billions and turns it to 100, good for us...
But I DO have a problem being screwed in the process.
They will OBVIOUSLY round up the prices in OUR defavor, meaning higher prices.
An item currently sold for 9.96$ will now cost us 10$ and so on... add the taxing the tax issue and you have a lot of " tax breaks for citizens "
edit on 4/8/2012 by B3lz3buth because: (no reason given)