
Originally Posted by
Deep C
Bear
The VAT tax is the fairest most equitable tax there is. EVERYONE pays. Not just those above a certain income level. As mentioned before the top 5% pay 93% of taxes in this country. A lot of money is left on the table by not collecting from those that in reality can afford but don't pay. It eliminates the dodgers and cheats from their game...
VAT isn't a "flat tax" as such. Its basically a sales tax applied to non essential , again I use the word "luxuries". It does away with capitol gains, inheritance, and other ugly if not criminal double taxes. Corporations themselves in countries that use a VAT system can keep their money where it continues to work and grow for them. Their products themselves take the tax burden. Want a dollar widget? Its gonna cost you $1.17...