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sounds like VAT, no? isn't VAT universally hated?
by Oxxide 14y ago
sounds like VAT, no?
isn't VAT universally hated?
- tome 14y agoIt doesn't sound like VAT to me. Still, VAT is a taxation scheme that actually makes some sense. Is it really hated? Why would it be hated?
- rb2k_ 14y agoThe planet money podcast recently talked about this. One of the reasons: If you're "poor" and you spend 90% of your income on goods, you're getting taxed on 90% of your income. If you're "rich", you spend 10% of your income on goods and just put the rest in other investments. This means that only 10% of your income gets taxed.