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16% VAT isn't that high to my knowledge. As seen in other comments, middle classes are the one who will likely pay the most. Lots of "legit" companies/workers
by awsedr58479 8y ago
16% VAT isn't that high to my knowledge.
As seen in other comments, middle classes are the one who will likely pay the most. Lots of "legit" companies/workers are paying income taxes; they represent the 2%.
- isostatic 8y agoThe left often argue that VAT is a regressive tax, with "poor" (by which they mean low income, not low wealth) people paying more as a percentage of their income than "rich" people. I'm not entirely sure why, given the number of basic items that don't attract vat (rent, train fares, food). Buy a new car though and you're paying tons.
- CiaranMcNulty 8y agoBecause the % of income spent on goods decreases as earnings increate. Many high-earners aren't 'spending' their money, they're investing it to make more money Whereas low-earners are spending their pay cheque before the next one arrives.