Obama suggests value-added tax may be an option

[dmcowen674]

4-21-2010

http://news.yahoo.com/s/ap/20100421/ap_on_bi_ge/us_obama_tax_5

Obama suggests value-added tax may be an option


President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days.

Volcker has said taxes might have to be raised to slow the deficit's growth. He said a value-added tax "was not as toxic an idea" as it had been in the past.

Many European countries impose a VAT, which taxes the value that is added at each stage of production of certain commodities. It could apply, for instance, to raw products delivered to a mill, the mill's production work and so on up the line to the retailer.

===========================================

It's been working for Europe so it will work here.

Everyone pays through the supply chain to the end of the line.

Best of all it pisses Republicans and the rich off royaly so it's a double blessing from the Messiah :thumbsup:

Make it so

 

[Tristicus]

I don't even know how to respond to you wanting your shit hiked up in price. I can't tell if you're a troll or just genuinely retarded.

 

[Hacp]

NO! NO MORE TAXES! We are being taxed to death. Just the other day, I had to pay 9 dollars in tax after I bought something from amazon. 9 dollars! Unacceptable.

 

[spidey07]

Where's my surprised face? You knew this was coming. It's how it happened in other socialized countries. Get ready for a 10-20% hike in the cost of everything, when the economy is in the shitter. It's painfully obvious he is willfully and purposefully destroying the nation, and fast.

 

[Sclamoz]

NO! NO MORE TAXES! We are being taxed to death. Just the other day, I had to pay 9 dollars in tax after I bought something from amazon. 9 dollars! Unacceptable.

Wow, that must have been a big chunk of your allowance!

 

[JSt0rm]

Where's my surprised face? You knew this was coming. It's how it happened in other socialized countries. Get ready for a 10-20% hike in the cost of everything, when the economy is in the shitter. It's painfully obvious he is willfully and purposefully destroying the nation, and fast.

I thought you guys liked this flat tax thing?

 

[Danube]

Obama hasn't heard of a tax he doesn't like. The campaign was so phony "Free health care yuck yuck! College education for everyone yuck yuck! Tax cuts for everyone yuck yuck!

The admin where every other staffer is a tax cheat cooks up taxes at every turn and inflates the IRS up to Godzilla. Obama is the biggest fake in US political history. Whatever happened to that kid who pretended to be Bill Cosby's kid in Six Degrees Of Separation"? Did he enter politics after Harvard or something?

 

[Danube]

I thought you guys liked this flat tax thing?

That would be in lieu of income taxes and not in addition to.

 

[CADsortaGUY]

"I can make a firm pledge,under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax. Not your payroll tax. Not your capital gains taxes. Not any of your taxes."

Did you read his lips?

 

[lothar]

I thought you guys liked this flat tax thing?

VAT tax is essentially a sales tax, not a flat income tax.

This won't do anything besides hurt the poor.
But then again, poor people already don't pay enough taxes so it may be something worth considering.

 

[lothar]

"I can make a firm pledge,under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax. Not your payroll tax. Not your capital gains taxes. Not any of your taxes."

Did you read his lips?

His lips were moving.

 

[Patranus]

but but but Obama said he wouldn't raise taxes on those making under 250,000.

He promised!!!

 

[Perknose]

Wow, that must have been a big chunk of your allowance!

Lol.

 

[lothar]

NO! NO MORE TAXES! We are being taxed to death. Just the other day, I had to pay 9 dollars in tax after I bought something from amazon. 9 dollars! Unacceptable.

You're free to move out of New York(or whatever state charged you the tax).

 

[alphatarget1]

Best of all it pisses Republicans and the rich off royaly so it's a double blessing from the Messiah :thumbsup:

You're a fucking idiot. This is a regressive tax.

 

[Patranus]

You're free to move out of New York(or whatever state charged you the tax).

Not if there is a VAT

 

[Greenman]

Well, we've had spend spend spend, now I guess we need tax tax tax.

I hope this goes on the fast track and gets passed immediately, perhaps even made retroactive back to January 1st.

 

[alphatarget1]

"I can make a firm pledge,under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax. Not your payroll tax. Not your capital gains taxes. Not any of your taxes."

Did you read his lips?

Obama is gonna say he's technically right- in that there is no "tax increase", just a new kind of tax.

Long live the United Socialist States of America, the land of the sheeple and home of the nanny state!

 

[spidey07]

"I can make a firm pledge,under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax. Not your payroll tax. Not your capital gains taxes. Not any of your taxes."

Did you read his lips?

/apolgist

Notice his statement made no mention of a VAT. He made no mention of new taxes, only there would be no increases.

 

[lothar]

Not if there is a VAT

Yeah, but he was complaining about having to pay an extra $9 in sales tax for an Amazon order, not VAT.

 

[lothar]

I don't even know how to respond to you wanting your shit hiked up in price. I can't tell if you're a troll or just genuinely retarded.

He's genuinely retarded.
He doesn't realize this would cost him more than it would cost me or you.

http://www.bbc.co.uk/dna/h2g2/alabaster/A528040
http://en.wikipedia.org/wiki/Value_added_tax

Smart people invest their money, stupid people buy frivulous things.
When there's a VAT on my investment income, I'll wake up.
I don't care if there's a VAT on chocolate, cigarettes, alcohol, gasoline, or restaurant bills like they do in Europe at 25% rates of the total bill because those things are easily avoidable for me or can be minimized.

Dave is too stupid to realize that consumers endup paying VAT, not businesses or corporations.

 

[Genx87]

4-21-2010

http://news.yahoo.com/s/ap/20100421/ap_on_bi_ge/us_obama_tax_5

Obama suggests value-added tax may be an option


President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days.

Volcker has said taxes might have to be raised to slow the deficit's growth. He said a value-added tax "was not as toxic an idea" as it had been in the past.

Many European countries impose a VAT, which taxes the value that is added at each stage of production of certain commodities. It could apply, for instance, to raw products delivered to a mill, the mill's production work and so on up the line to the retailer.

===========================================

It's been working for Europe so it will work here.

Everyone pays through the supply chain to the end of the line.

Best of all it pisses Republicans and the rich off royaly so it's a double blessing from the Messiah :thumbsup:

Make it so

Stupid meter pegged at maximum. Who do you think ultimately pays the tax dumbass?
The rich? lmao

 

[Balt]

Well, it would solve that pesky problem of half of America not contributing to government revenue because they pay no income tax.

Still, horrible idea. Pretty hilarious that a Democrat might propose a regressive national tax, though.

 

[lothar]

Well, it would solve that pesky problem of half of America not contributing to government revenue because they pay no income tax.

Still, horrible idea. Pretty hilarious that a Democrat might propose a regressive national tax, though.

It's even more hilarious that republicans are against this and democrats are for it.

 

[bamacre]

It's been working for Europe so it will work here.

There was a time when people overseas wanted to emulate us, and we've fucked ourselves over to such a degree we're now looking to emulate them.

Best of all it pisses Republicans and the rich off royaly so it's a double blessing from the Messiah :thumbsup:

Misery loves company.