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If you're going to start equating VAT (essentially sales tax) with tariffs you open the whole nightmare can of worms that is US sales tax to the rest of the wor
by Taniwha 2y ago
If you're going to start equating VAT (essentially sales tax) with tariffs you open the whole nightmare can of worms that is US sales tax to the rest of the world - for those not living in the US every state, and in some cases every county has its own sales tax rate ....
- nxm 2y agoSales tax is the same across all goods sold in the US, irrespective of whether they were imported or not. VAT rate differ based on the origin which is the issue
- fiddlerwoaroof 2y agoThis isn't true: local (to me) jurisdictions vary between an 8ish% sales tax and a 10% sales tax. In many states, there's no sales tax on food but food is taxed in Alabama. There's any number of variations of this in the US.
- watwut 2y ago> VAT rate differ based on the origin which is the issue Which is a lie. They do not differ based on the origin and that is not the issue. The issue is that American top politicians are used and enabled to brazenly lie and their voters spread it happily.
- falcor84 2y agoIn what way does VAT differ based on the origin? All VAT is cancelled out except for the final purchase by a consumer, no?
- alistairSH 2y agoWTF? No. Not even remotely true. Rates vary by state and locality. And vary across type of good being sold. You couldn’t be more wrong if you tried. https://taxfoundation.org/data/all/state/2024-sales-taxes/ https://taxfoundation.org/data/all/state/2024-sales-taxes/
- insane_dreamer 2y agoBoth of those sentences are completely incorrect.
- qingcharles 2y agoIn Chicago it's city too... state, county, RTA & city. Illinois State Sales Tax – 6.25% Cook County Sales Tax – 1.75% Regional Transportation Authority (RTA) Tax – 1.25% City of Chicago Sales Tax – 1.25% Total Sales Tax in Chicago: 10.25%