Tuesday, October 20, 2009
The Value Addes Tax (VAT) Explained
Here's a video from Youtube.com that explains what Congress wants to do to raise money to pay for their sweeping seizure of the American Health Care System...the one that will drive the country broke forthwith.
http://www.youtube.com/watch?v=b6JDpw8a2Hk
Incorporating the VAT will raise your tax rate by roughtly 20% across the board. Not to mention that the businesses that are hit with the tax, will merely raise their costs to pay the tax, that means YOU will pay the tax...plus the extra costs levied on businesses. Great deal for the government, more money for them to blow...sucks for us as EVERYTHING will be much more expensive.
http://www.youtube.com/watch?v=b6JDpw8a2Hk
Incorporating the VAT will raise your tax rate by roughtly 20% across the board. Not to mention that the businesses that are hit with the tax, will merely raise their costs to pay the tax, that means YOU will pay the tax...plus the extra costs levied on businesses. Great deal for the government, more money for them to blow...sucks for us as EVERYTHING will be much more expensive.
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