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VAT specifically zero rates or reduces rate on many of the necessities. Which makes it far less regressive than an across the board sales tax. To name just a ve
by NeedMoreTea 7y ago
VAT specifically zero rates or reduces rate on many of the necessities. Which makes it far less regressive than an across the board sales tax. To name just a very few: Children's clothes, food, books, and public transport are all zero rated and in the UK at least there's a lower rate on utilities.
- gnicholas 7y agoMany sales taxes also exempt necessities, like grocery items and clothes under certain cost ($100 per item). I was surprised that when I bought clothes at a not-inexpensive retailer in NYC recently there was no sales tax.