3 ms·
> So much for market forces in the land of the free! Yeah, 25% VAT is much better than 3.5% fee that you mostly get back via cashback & free credit.
by admissionsguy 2y ago
> So much for market forces in the land of the free!
Yeah, 25% VAT is much better than 3.5% fee that you mostly get back via cashback & free credit.
- MagnumOpus 2y agoSales taxes (which also exist in most of the U.S. btw) fund public service. Credit card fees go to fund the Visa CEO’s third Lambo.
- orwin 2y ago0% VAT on staple food, 5% on common commercial goods, 20% on services, and 40% on luxury products. [edit] tbh the 0% on staple food isn't really allowed by the EU (it is ultimately a liberal institution) but it's tolerated.
- dustypotato 2y agoYou pay taxes in the US as well