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How is it a “tax” if the 8% goes to the seller and not the government?
by euroclydon 9y ago
How is it a “tax” if the 8% goes to the seller and not the government?
- patio11 9y agoSame as all VAT taxes, right. My business buys a mouse; I pay 8% to the store selling the mouse. My business sells a $FOO; my customer pays 8% to me. I file a tax return, remitting the government 8% of a $FOO less 8% of the mouse.
- euroclydon 9y ago> So if you can create gold in Japan which came "from nowhere", you get instant 8% of the gold created in profit, by selling it at market. And then, since you're a criminal, you simply don't file a tax return?