more taxes....who's surprised

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Obama Economic Adviser Says U.S. Should Consider 'Value Added Tax'

NYPost.com

A VAT is a national sales tax that, like state and city sales taxes, would be collected by retailers.

Acknowledging it would be a highly unpopular move, White House economic adviser Paul Volcker said yesterday the United States should consider imposing a "value added tax" similar to those charged in Europe to help get the deficit under control.

A VAT is a national sales tax that, like state and city sales taxes, would be collected by retailers.

Volcker, at the New-York Historical Society, told a panel on the global financial crisis that Congress might also have to consider new taxes on carbon and energy.

The VAT suggestion was immediately met with outrage by Republicans.

"It shouldn't surprise anyone that the Obama White House would advocate a European-style tax to help finance their European-style government health-care plan," said Brian Walsh, a spokesman for the National Republican Senatorial Campaign Committee.
 

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But...but...but..

He said....he said no new taxes if...if....if you make under $250k! ! !

Say it isn't so ! ! !
 

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This here tax would not be good for the people. I say don't pay it. Civil disobedience! Rock on! :103631605

~~:<<~~:<<~~:<<~~:<<~~:<<~~:<<
 

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It's pretty easy to look prophetic when you talk about this administration. There is nothing that isn't happening that I didn't warn people about nearly a year ago. Of course, they're crickets now.
 

Conservatives, Patriots & Huskies return to glory
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Punter is going to tell you to stop listening to Fox News, because Obama is not going to "raise any tax of any kind on people making < $ 250K".

I guess this is the question;

how do you define "any tax of any kind"?

or maybe the 250k means for your lifetime, not one year

or maybe the 250k includes constructive income, defined as meaning income you've received by utilizing services you don't pay for, like the roads in your town or an elevator in the local office building

ya never know what that crackpot is thinking
 

I'll be in the Bar..With my head on the Bar
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VAT is not a national sales tax....Dont believe a fucking word u read.

What is value added? well if u have a jug of water its worth .25..........now u add in some red food color and sugar. Its now kool-aid and that same jug that was .25 is now $2.00....So u have added $1.75 to the value of that jug of water and the VAT is on that....Want to know why Gas is $9.00 a gallon in europe? VAT. by the time u take crude oil and go thru all the processes that turn it into Gasoline and then add the VAT for EACH PROCESS.....Thats right every process that adds value adds VAT Tax......

This is purely 1 world govt thinking.....just like "free" health care, cap and trade and net neutraility....ALL junk sciences that have NEVER WORKED ANYWHERE they have been tried...........
 

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yeah, when i was stationed in germany, they issued us vat stamps....they were accepted at certain places off base so you wouldn't have to pay it....mainly used them to buy fuel

and the people who lived off base made a killing in COLA (cost of living allowance) because living on the economy (as we referred to it) was not cheap...hell, i cleared 400 bucks a month in cola just living in the barracks.....

living in the u.s. is just gonna keep getting more expensive....i don't remember too many germans bitching though.....guess maybe they were just used to it from living there their whole lives
 

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This could be a very smart way to help bring our federal budget closer to balanced - an important consideration if Republican and Democrat Congresscritters remain insistent on their preferred spending priorities.
 
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This could be a very smart way to help bring our federal budget closer to balanced - an important consideration if Republican and Democrat Congresscritters remain insistent on their preferred spending priorities.

A smarter way to balance the budget would be to cut spending.

Gee what a novel idea?
 

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This could be a very smart way to help bring our federal budget closer to balanced - an important consideration if Republican and Democrat Congresscritters remain insistent on their preferred spending priorities.


:bbsmile:
 

Honey Badger Don't Give A Shit
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A smarter way to balance the budget would be to cut spending.

Gee what a novel idea?

Since neither Republicans or Democrats seemed sincerely interested in that strategy, it would seem wise to increase revenues as quickly as possible
 

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true....republicans have not been the model of fiscal responsibility in recent years....gonna have to wait their turn and get it right next time....
 

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Since neither Republicans or Democrats seemed sincerely interested in that strategy, it would seem wise to increase revenues as quickly as possible
The problem is that the people would have less money to spend on themselves, so the economy would take an even bigger hit, and in the long run the government would lose more money.
 

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...Want to know why Gas is $9.00 a gallon in europe? VAT. by the time u take crude oil and go thru all the processes that turn it into Gasoline and then add the VAT for EACH PROCESS.....Thats right every process that adds value adds VAT Tax......

This is not quite correct. Any business/corporation that purchases something with VAT will get the VAT refunded. Only the people who finally purchase a finished product for their own use will really pay VAT. So in Germany of $9 "only" about $1.43 are VAT.

It's true, though, that the high gas prices in Europe are mainly due to taxes. In addition to the VAT there's expecially the mineral oil tax in Germany that accounts for about half the gas price by itself.
 

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The problem is that the people would have less money to spend on themselves, so the economy would take an even bigger hit, and in the long run the government would lose more money.

Just wait until small businesses are slapped with this HC bullshit.
 

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This is not quite correct. Any business/corporation that purchases something with VAT will get the VAT refunded. Only the people who finally purchase a finished product for their own use will really pay VAT. So in Germany of $9 "only" about $1.43 are VAT.

It's true, though, that the high gas prices in Europe are mainly due to taxes. In addition to the VAT there's expecially the mineral oil tax in Germany that accounts for about half the gas price by itself.


So let me get this straight.

Companies have to originally pay for the VAT by purchasing the goods they need to produce or market their product and related service.

Then, they have to file to get their VAT refunded back to them.

Makes complete sense to me. :ohno:
 

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Well, it's much easier than requiring every seller to check whether he is selling to a business or not, apply the VAT or not and then report which sales he made with VAT and which without.

Of course, the easiest way would be to apply the VAT to ALL transactions, but obviously this would lead to terrible results.
 

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Americans moan and groan about the suggestion of any new taxation, yet we are almost the lowest-taxed population in the Western world.

I'm sure many Germans wouldn't mind a couple years over here with our much lower overall taxes. Though as noted in my earlier post, it's incongruent with the desire for spending by our Republican, Democrat and (few) Independent elected officials.
 

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Well, it's much easier than requiring every seller to check whether he is selling to a business or not, apply the VAT or not and then report which sales he made with VAT and which without.

Of course, the easiest way would be to apply the VAT to ALL transactions, but obviously this would lead to terrible results.

And just how many more government employees does this system require?
 

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