Comments on: What Is The VAT Tax? http://20smoney.com/2010/04/14/what-is-the-vat-tax/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-the-vat-tax Aggressive Yet Responsible Wealth Building For 20-Somethings Thu, 24 May 2012 11:40:46 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: No Budget In 2010 | 20s Money http://20smoney.com/2010/04/14/what-is-the-vat-tax/comment-page-1/#comment-6207 No Budget In 2010 | 20s Money Wed, 23 Jun 2010 13:01:25 +0000 http://20smoney.com/?p=1954#comment-6207 [...] Oh, ok.  That makes sense Steny.  I guess I could spoil the surprise and just tell you what this all-knowing commission will report in December.  It will be along the lines of: The situation is terrible, we’re broke, raising taxes isn’t popular, cutting spending isn’t popular, so we recommend the VAT.  Yes, the VAT.  What is the VAT? [...] [...] Oh, ok.  That makes sense Steny.  I guess I could spoil the surprise and just tell you what this all-knowing commission will report in December.  It will be along the lines of: The situation is terrible, we’re broke, raising taxes isn’t popular, cutting spending isn’t popular, so we recommend the VAT.  Yes, the VAT.  What is the VAT? [...]

]]> By: Joe Plemon http://20smoney.com/2010/04/14/what-is-the-vat-tax/comment-page-1/#comment-5059 Joe Plemon Tue, 20 Apr 2010 20:15:20 +0000 http://20smoney.com/?p=1954#comment-5059 You covered a very pertinent topic well. Thanks for the link to Krauthammer...I always wondered how to spell his name. It is sad, but true that the VAT is coming. Not as a replacement for income tax but as a supplement. I love your observation about how the VAT is contradictory to Obama's campaign promises, "Oh yeah, I forgot, words have no meaning anymore. Ok, nevermind." One solution to our spending/debt frenzy would be the Fair Tax (similar to the VAT). A 23% Fair Tax would replace all other Federal taxes. I truly believe a fair tax would work, but I also believe it has no chance of passing. Why? It is too transparent and could not be manipulated by politicians and special interest groups. What a country we live in! Thanks for the informative post. Keep up the good work! You covered a very pertinent topic well. Thanks for the link to Krauthammer…I always wondered how to spell his name. It is sad, but true that the VAT is coming. Not as a replacement for income tax but as a supplement. I love your observation about how the VAT is contradictory to Obama's campaign promises, "Oh yeah, I forgot, words have no meaning anymore. Ok, nevermind."

One solution to our spending/debt frenzy would be the Fair Tax (similar to the VAT). A 23% Fair Tax would replace all other Federal taxes. I truly believe a fair tax would work, but I also believe it has no chance of passing. Why? It is too transparent and could not be manipulated by politicians and special interest groups. What a country we live in!

Thanks for the informative post. Keep up the good work!

]]>