[quote=meadandale][quote=yooklid]Having grown up in Europe with a VAT, I can tell you one thing, we DON’T HAVE A SALES TAX. Does that mean that Sales taxes will be dropped in lieu of VAT?[/quote]
Nope…we’ll still have sales tax…and income tax and property tax. There are no plans on the table to have the VAT replace anything else. It will be IN ADDITION to current taxes.
So, assuming a 10% VAT that means that the sales tax rate will be 18+% in CA.[/quote]
The closest thing I can kinda think of is…Canada…
Canadians have been bending over for some time paying
*Federal income tax
*Provincial income tax
*PST (provincial sales tax) anywhere between 7-10% depending on province.
*GST/HST (VAT like tax) +5%
Yeah, and there’s a reason why folks who live at the border cross into the U.S. to buy all sorts of crap and drag it back over the boarder….
Actually, if VAT ever goes in, we might end up paying more in taxes than our neighbors north…
I use to joke around with my Canadian buddies that they’re bending over when it comes to taxaction….I guess the last laugh is on us…Feel canadian lately, ey?
