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ParticipantSales tax is not regressive. The tax does not decrease as the amount subject to tax increases.
FAIL. Sales tax is regressive because as the ratio of income to purchases increases, the proportion taxed decreases. Think of it this way, a person making $200K/year uses the same amount of laundry detergent as a person making $50K/year, yet the person making $50K will pay a higher percentage of their income in tax purchasing that item.
Here’s some good info from wikipedia about regressive taxation.
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ParticipantI support a VAT to replace the sales taxes so that the consumption tax is spread out more evenly in the different stages of production.
Soooo naive. Sales taxes are for the state, this is a national VAT. So you will pay state sales tax + national VAT. Do you think the states will give up their sales tax revenue? No freaking way, our state is already on the brink.
It’s coming, we will have VAT soon plus the financial transaction tax.
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ParticipantI support a VAT to replace the sales taxes so that the consumption tax is spread out more evenly in the different stages of production.
Soooo naive. Sales taxes are for the state, this is a national VAT. So you will pay state sales tax + national VAT. Do you think the states will give up their sales tax revenue? No freaking way, our state is already on the brink.
It’s coming, we will have VAT soon plus the financial transaction tax.
blahblahblah
ParticipantI support a VAT to replace the sales taxes so that the consumption tax is spread out more evenly in the different stages of production.
Soooo naive. Sales taxes are for the state, this is a national VAT. So you will pay state sales tax + national VAT. Do you think the states will give up their sales tax revenue? No freaking way, our state is already on the brink.
It’s coming, we will have VAT soon plus the financial transaction tax.
blahblahblah
ParticipantI support a VAT to replace the sales taxes so that the consumption tax is spread out more evenly in the different stages of production.
Soooo naive. Sales taxes are for the state, this is a national VAT. So you will pay state sales tax + national VAT. Do you think the states will give up their sales tax revenue? No freaking way, our state is already on the brink.
It’s coming, we will have VAT soon plus the financial transaction tax.
blahblahblah
ParticipantI support a VAT to replace the sales taxes so that the consumption tax is spread out more evenly in the different stages of production.
Soooo naive. Sales taxes are for the state, this is a national VAT. So you will pay state sales tax + national VAT. Do you think the states will give up their sales tax revenue? No freaking way, our state is already on the brink.
It’s coming, we will have VAT soon plus the financial transaction tax.
blahblahblah
ParticipantI recommend we all pee ourselves and continue watching television for instructions on what to be afraid of next.
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ParticipantI recommend we all pee ourselves and continue watching television for instructions on what to be afraid of next.
blahblahblah
ParticipantI recommend we all pee ourselves and continue watching television for instructions on what to be afraid of next.
blahblahblah
ParticipantI recommend we all pee ourselves and continue watching television for instructions on what to be afraid of next.
blahblahblah
ParticipantI recommend we all pee ourselves and continue watching television for instructions on what to be afraid of next.
April 13, 2010 at 10:26 AM in reply to: OT: Anybody know anything about how banks detect counterfeit $100’s? #538697blahblahblah
ParticipantThis works out great for the banks, they can just not inspect the bills that they give out but inspect the ones that they take in. Then they pass the losses on to their customers! It’s a win-win for them, unfortunately it’s a lose-lose for us 🙁
April 13, 2010 at 10:26 AM in reply to: OT: Anybody know anything about how banks detect counterfeit $100’s? #538818blahblahblah
ParticipantThis works out great for the banks, they can just not inspect the bills that they give out but inspect the ones that they take in. Then they pass the losses on to their customers! It’s a win-win for them, unfortunately it’s a lose-lose for us 🙁
April 13, 2010 at 10:26 AM in reply to: OT: Anybody know anything about how banks detect counterfeit $100’s? #539379blahblahblah
ParticipantThis works out great for the banks, they can just not inspect the bills that they give out but inspect the ones that they take in. Then they pass the losses on to their customers! It’s a win-win for them, unfortunately it’s a lose-lose for us 🙁
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