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The Water Cooler
General Discussion
Maybe banks will loose all their customers.
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<blockquote data-quote="dennishoddy" data-source="post: 3635704" data-attributes="member: 5412"><p>This is just a baby step toward a VAT tax that's wanted by the liberals.</p><p></p><p></p><p>A value-added tax, or VAT, is added to a product at every point on the supply chain where value is added to it.</p><p>Advocates of VATs claim that they raise government revenues without punishing the wealthy by charging them more through an income tax. Critics say that VATs place an undue economic burden on lower-income taxpayers.</p><p>Although many industrialized countries have value-added taxation, the U.S. is not one of them.</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 3635704, member: 5412"] This is just a baby step toward a VAT tax that's wanted by the liberals. A value-added tax, or VAT, is added to a product at every point on the supply chain where value is added to it. Advocates of VATs claim that they raise government revenues without punishing the wealthy by charging them more through an income tax. Critics say that VATs place an undue economic burden on lower-income taxpayers. Although many industrialized countries have value-added taxation, the U.S. is not one of them. [/QUOTE]
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The Water Cooler
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Maybe banks will loose all their customers.
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