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listed prices include VAT pretty much everywhere I've been to in the world, other than the US. If something says it costs €1 or £1 then you're paying €1 or £1 f
by Goz3rr 3y ago
listed prices include VAT pretty much everywhere I've been to in the world, other than the US. If something says it costs €1 or £1 then you're paying €1 or £1 for it at the checkout.
- koolba 3y agoIf the tax is included in the price, then you’re getting less than $1 of the good or service as it’s already baked into that price. For example with a 20% VAT, a $1 priced item is really an $.83 item, and to pay for it at a 45% tax bracket would require $1.81 of income. The numbers themselves are meaningless. Only the total ratio of income required to goods received is important, and it remains unchanged.