[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.
