Quote:
Originally Posted by Battlebasset
European countries have this, it's called VAT (value added tax). When I was in Germany it was around 20%, but that was awhile ago.
I would support a reduced, simplified flat income tax with this as well as a national sales tax, in order to capture more illegal income (drug dealers have to buy food and clothes) as well as have everyone pay something, but that will never happen.
And yes, SS and Medicare needs to be phased out to the greatest extent possible. There, I said it.
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UK has 20% VAT.
Income tax is 20-45% according to earnings.
National Insurance (Pensions and Benefits) 13%. tax.
Tax on gas and fuel. Government adds 35% tax to every gallon, and the motorist then pays another 20% VAT on every gallon on that tax! Double Whammy.
Basically the working person loses one third of their weekly wage in tax before they see a penny.
The rest goes on all the other clever Government ways of relieving you of your hard earned.
Yet we survive!