If the government fails to enact structural reforms in spending, an entirely new source of revenue will be needed. The most likely one is a value-added tax that would crush the middle class. You can´t blame middle-income Americans for wondering whether the new "fiscal cliff" deal really protects them from big tax increases in the future. That´s essentially what President Obama promised in championing the hike in rates for high-earners signed into law on January 2. Still, the politicians and pundits keep talking about how our steep deficits and mountainous debt will rise
Comments: Outrageous!! The VAT wouldn´t be "inevitable" if the criminals in Washington would stop spending!!
Tax and spend liberals. Nothing has changed. We tried to tell you that. Rich people´s money can only go so far and there is not enough of it. Even if they took all of it. They have to get it from someone. Suckers.
We already have a VAT tax. Yep! Invisible it is. It´s the corporate income tax. Corporations include the tax in the price of their products and this happens at all levels of the supply chain. Ergo, a VAT.
Remember, corporations don´t pay taxes, they collect them from customers.
Wow! Who in a thousand years would have guessed that spending has consequences? The big questions is will they increase the value of welfare payouts and food stamps so the recipients can still buy their usual amount of booze, smokes, slap dances and gambling without any decrease in the current consumption?
As the defendant said to the judge asking him why he robbed banks - "Because thats where the money is". No matter how much they talk about getting the filthy rich "to pay their fair share", the ´Rats know that ultimately they have to go for the middle class - because that is where the money is. Its simple income transfer from those who earned it to those who did not. The rest is all smoke and mirrors.
And don´t forget the Streamlined Sales Tax (Wikipedia and search the term for the SST site) which will require online vendors in one State to collect sales tax for the purchaser´s State. The National Governors Association has been hot to get this through for over a decade. The software has long since been there, with its developers drooling.
So we may get clobbered with State and VAT US National taxes all at once. Put a little slavery in your life.
VAT would most likely be in addition to state & local sales taxes. If in place of, states and cities would be harmed, meaning higher income & property taxes. If, as most likely, in addition to, a VAT would make us still poorer as prices rise by 5% to 15% to cover cost of VAT while wages are frozen to falling.
The costs to us would be astronomical! Loggers cut logs, which are then taxed. They go to the mill and are cut into lumber, which is taxed again..lumber goes to the pencil factory, and the pencils made are then taxed, then the pencils are sold and are again taxed.. You get the message. Every step of production is taxed.
Wasn´t the idea of a VAT floated when PIAPS was the duo-POTUS? Also she had the idea of taxing homeowners on the income they make by renting their homes to themselves. Not sure of how the gov´t would determine the fair marked value....
Our 23 year old daughter lives and works in Canada,and is a big government liberal. But when she comes home on a visit, she does lots of shopping, noting that cosmetics and such cost about 1/2 of what she would pay in toronto. (I tried to see if she could connect canadian tax rates with product cost,and she can, but shrugs it off.) So we see canadian buses full of shoppers, at the Millcreek Mall near Erie,Pa. They don´t stop in Buffalo, NY, because the sales tax on almost everyting is close to 10%, but the sales tax in Pennsylvania is not applied to clothing...
Part of the liberal Democrats political taxing game is to always claim that they want to tax the rich to keep middle class taxes low. But there are not enough rich people out there to finance all the liberal Democrats social welfare programs, s after bumping up the taxes on the rich a few points, the liberal Democrats always end up raising up the taxes of the middle class, that game is played about every 20 years using the new generation of unassuming voters as bait.
From the Obama point of view, the beauty of the VAT is that it will entice low-information voters to blame the merchants and manufacturers - basically, the private sector - for the inevitable price hikes while the government skims all it likes off the top and escapes blame.
You can see the dynamic already in the way car drivers blame gas stations when oil prices go up. The VAT will be the same thing.
I have been expecting a VAT for awhile. We have been replacing big items such as refrigerators, etc. so if it happens we can go for some years without big expenditures. When Carter was president, I spent. When Reagan was president, I saved. Now that Obama is president I am spending again before the money loses all value.
Yep, add it to the list: The inheritance tax. Accounts Receivable Tax Building Permit Tax CDL license Tax Cigarette Tax Corporate Income Tax Dog License Tax Excise Taxes Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Permit Tax Gasoline Tax (currently 44.75 cents per gallon) Gross Receipts Tax Hunting License Tax Inheritance Tax Inventory Tax IRS Interest Charges IRS Penalties (tax on top of tax) Liquor Tax Luxury Taxes Marriage License Tax Medicare Tax Personal Property Tax Property Tax Real Estate Tax Service Charge Tax Social Security Tax Road Usage Tax Recreational Vehicle Tax Sales Tax School Tax State Income Tax State Unemployment Tax (SUTA) Telephone Federal Excise Tax Telephone Federal Universal Service Fee Tax Telephone Federal, State and Local Surcharge Taxes Telephone Minimum Usage Surcharge Tax Telephone Recurring and Nonrecurring Charges Tax Telephone State and Local Tax Telephone Usage Charge Tax Utility Taxes Vehicle License Registration Tax Vehicle Sales Tax Watercraft Registration Tax Well Permit Tax Workers Compensation Tax
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