You are not signed in (Login or Join Free)   |   Help
Sploofus Trivia
Trivia GamesCommunityLeaderboardsTournaments
MySploofus
You are here:  Home  >>  Chat Forums  >>  The Salty Dog  >>  View Chat Message

View Chat Message



Pages:  1    


caramel1
Caramel1  (Level: 128.2 - Posts: 21598)
Wed, 27th May '09 4:09 PM

VAT

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/26/AR2009052602909.html they have to pay for it and not enough 'fat cats"-this would sneak it in. No one is denying it is under consideration.. See Sen. Conrad

collioure
Collioure  (Level: 104.7 - Posts: 9952)
Wed, 27th May '09 4:26 PM

Heretofore a valued added tax was always proposed as part of a package that reduced income taxes.

Here they are discussing it as an additional tax, and to be considering any kind of tax increases at this time shows how very out of touch with reality is this administration. They're still trying to run with the playbook they had in mind last summer, but the crash of the economy in September changed everything.

jank0614
Jank0614  (Level: 67.1 - Posts: 4597)
Wed, 27th May '09 7:45 PM

I had not even heard of this till this afternoon on the radio on my drive home. I literally broke down and cried for the last 30 minutes of my trip (which is miserable to try to drive safely that way).

I'm heartbroken. Nail after nail in the coffin of the country I love and the people I love. Give him time, they said. But what he has done with that time may put this country on a path we cannot ever fix. I just can't believe so much $$$, so much change, so many horrible socialist policies - enacted whether we like it or not.

I wish I could wake up and the last year would have been a horrible nightmare and President Bush had never been able to push through that first TARP.

I'm just....heartbroken.

spacecat
Spacecat  (Level: 158.6 - Posts: 667)
Wed, 27th May '09 9:09 PM

Canada has had one since 1991 called the Goods and Services (GST) tax. Guess what....you'll hate it.

jank0614
Jank0614  (Level: 67.1 - Posts: 4597)
Wed, 27th May '09 9:49 PM

My sadness is the president said 95% won't have a tax increase. VAT is 100% of us have a tax increase, including those who can afford it the least. Good Lord, they can hardly feed their kids and hang on to a job as it is. As far as I'm concerned, it's a "Harvard elitist - Cruelty - Because they can" tax.

I'm sick to my stomach with the lies and carelessness with everyone else's hard-earned money. Talk about "give till it hurts." Some of our poorest people have given all they have to give and a bunch more. What more do they have to give to support this bloated, cruel government-caused trillion$ in the hole deficit economy?

I have students who can't even come perform in a concert for their parents because (1) their parents are now each working 2 jobs to make ends meet (2) the concert is just for an audience made of parents who can't come because they're working 2 jobs (3) my students who really need attention themselves from their parents are at home alone, in charge of care for younger siblings. And apparently, it's going to just get worse and worse.

I've given all I've got to give. I feel like there's an IV draining blood from my tiny checking account from trying to help my students.

caramel1
Caramel1  (Level: 128.2 - Posts: 21598)
Thu, 28th May '09 12:58 AM

It is sad and will get worse with the cap on carbons-utility bills will rise especially in the mid western states who depend on that kind of fuel for their winter heating.. Cap and trade will make someone richer the rich guy in charge of doing the trading- just a wild guess it will most likely be a political friend of the President. He has said "green" jobs will be created but hasn't said for every one of those created 3 "regular" ones will be lost and the majority of the green jobs are temporary. When we finally do go Green and have the health care thing in place Jeffrey Immel who owns GE and incidentally MSNBC and sits on the Presidents economic council will be in fine shape as they have been getting ready to own green and health care along the way . The tax decrease for some will go away at the end of the year as lawmakers didn't fund it again. Watch what is happening not just listen to his promises. Green did not work to help the economy in Spain-truth Barnie, and health care in Canada is not top notch is it you Canadians? Despite what people are being lead to believe it is NOT free either-SOMEBODY (S) pay. He says he is just providing it for those who don't have it but when it is offered as an alternative option-private health care cannot compete when pitted against a government plan, so guess what you'll get. It may not happen overnight-hoping you won't notice, Linda

surreyman
Surreyman  (Level: 260.5 - Posts: 2770)
Thu, 28th May '09 5:58 AM

We've had VAT in the UK for decades. It ain't no communist manifesto!
It simply replaced the existing forms of purchase tax - which presumably the US also has currently?
It's the levels of VAT that have to be watched carefully, nothing much wrong with the actual system itself.

oldcougar
Oldcougar  (Level: 219.7 - Posts: 1935)
Thu, 28th May '09 6:16 AM

In Canada the low income people get a GST rebate(a good thing), but us poor plods in the middle who are heading for lower would like a break too. Hopefully, the Vat will at least come with something to help the poor, as well.

kaufman
Kaufman  (Level: 256.8 - Posts: 3936)
Thu, 28th May '09 6:48 AM

Alan,

Except for taxes on certain classes of products (fuel, alcohol, ...) the U.S. has no national sales tax. The states do, but the amount, or whether or not there even is one, is determined on a state-by-state basis. Most states have a tax on most items of 5-7% or so, but some (New Hampshire and Delaware are famous in this regard) do not.

collioure
Collioure  (Level: 104.7 - Posts: 9952)
Thu, 28th May '09 7:15 AM

Oh, but Ken, in the places where my family kin live and I visit - New York, Chicago, California - with local taxes included the total sales tax is at least 8% and sometimes exceeding 10% now.

jank0614
Jank0614  (Level: 67.1 - Posts: 4597)
Thu, 28th May '09 7:41 AM

In Texas, we do not have a state sales tax. We have a city sales tax, so that is a variable amount city to city.

I have long supported a federal sales tax - to REPLACE the income tax, not in ADDITION to the income tax, as this VAT would be. They're talking 10%. If it happens, it will be a destructive force for all businesses, as people will have to scale back their spending. That, of course, will result in LESS revenue, which will result in a higher federal sales tax, which will result in less spending or total destruction of the consumer's buying power. The country can't exist like that. We will become a third world nation. They can't be stupid about this - if a poor shlub like me can understand the ramifications, those Ivy League educated economists certainly know what will happen.

They obviously have an agenda in mind, and it has nothing to do with the good of the American or the economy.

surreyman
Surreyman  (Level: 260.5 - Posts: 2770)
Thu, 28th May '09 9:23 AM

Maybe, as with some other aspects such as petrol (gas) prices, the US has to start joining the real world.
UK VAT (e.g. the one-off overall 'national sales tax' with no local add-ons) is currently 17.5%.
US salaries appear higher than UK, with living costs, especially housing, rather lower.
Perhaps you have to start paying your way a little more effectively.
That's guaranteed to get me some flak!


caramel1
Caramel1  (Level: 128.2 - Posts: 21598)
Thu, 28th May '09 9:48 AM

No flax from me, Alan. My issue is that the people who are doing the giving are not the ones getting the "getting". The 'takers" are getting a free ride and that just plain SUCKS

garrybl
Garrybl  (Level: 279.5 - Posts: 6639)
Thu, 28th May '09 10:21 AM

I believe VAT is generally regarded as a regressive tax -- ie it taxes the little people as well as the big.
So the Republicans out there should love this; gets the illegal immigrants and welfare grabbers.
If you're lucky you can pay VAT but not estate duty -- fair deal? (even if only 1% of the population pay Estate Duty and 100% pay VAT)

Democrats should be asking for the people who pay top rate to pay more rather than introducing a sales tax -- shouldn't they?

caramel1
Caramel1  (Level: 128.2 - Posts: 21598)
Thu, 28th May '09 10:27 AM

Trust me, Barry, there will be something in anything that gives the "takers" a pass and screws the people who contribute to the economy-would like to know who he is "reading to" when he says everything will help the middle class families-. It is certainly not my kids who ALL work and pay taxes and support their kids and haven't actually broken the law. Linda

surreyman
Surreyman  (Level: 260.5 - Posts: 2770)
Thu, 28th May '09 12:53 PM

Surely the little people in the US already pay sales tax, which is effectively what VAT is.

surreyman
Surreyman  (Level: 260.5 - Posts: 2770)
Thu, 28th May '09 12:55 PM

So VAT is paid in proportion to expenditure, which means the rich are 'milked' if that makes anyone more happy?

collioure
Collioure  (Level: 104.7 - Posts: 9952)
Thu, 28th May '09 1:25 PM

Barry, not Alan, is correct in this regard. The VAT is regressive as lower income citizens spend a greater percentage of their incomes. To offset this regressivity VAT proposals in the US generally include a rebate for lesser income citizens.

I favor the VAT as a replacement for income or payroll taxes. Such is a pro-growth as it makes exports less expensive and therefore more competitive in world markets.

caramel1
Caramel1  (Level: 128.2 - Posts: 21598)
Thu, 28th May '09 1:30 PM

Bet my kids aren't going to hold their breaths waiting for the payroll tax to disappear-these guys do NOT cut taxes in any form-

weyoun
Weyoun  (Level: 230.2 - Posts: 36)
Thu, 28th May '09 11:57 PM

"Maybe, as with some other aspects such as petrol (gas) prices, the US has to start joining the real world."

I don't understand that comment. The "real world" also has a lot of poverty and disease. Should we join that, too?

Just because someone else is doing it doesn't make it right. Perhaps the UK could join "the real world" and follow the US in this regard.

jank0614
Jank0614  (Level: 67.1 - Posts: 4597)
Fri, 29th May '09 12:06 AM

I agree. I am all over paying my own way. I'm tired of paying others' ways unless they truly are in need.

And I'm very against those who are struggling already having to pay someone else's way when they can hardly pay their own way - as in, feeding their family, affording gasoline to get to work and back.

I would LOVE for April 15 to just be another nice, spring day in the U.S., rather than the day of reckoning. With a fed sales tax RATHER than income tax, that would happen. Richer people buy more expensive stuff and therefore pay a higher sales tax, right? For the poorer of us, the things they buy are less expensive in the first place. Plus if they make sure there's no fed sales tax on food, that would help.

But punishing the U.S. people financially JUST because the UK gets away with punishing their people ("free" health care?) doesn't make sense. Seems to me it makes more sense for the citizens of the UK to vote in some people who will get rid of the punishing higher taxes.

bigmama60
Bigmama60  (Level: 95.2 - Posts: 6648)
Fri, 29th May '09 1:26 AM

If you don't pay your taxes how do you expect your infrastructure to work? Takers (Wall Street ) and givers (main street) all need to cross the same crumbling bridges, get flooded from inadequate dams, risk their lives without enough police, emergency services, like the Food and Drug Agencies (FDA) or other government agencies which protect consumers. Now that's sad . I don't like paying taxes either, no more than anyone else; but, for once everyone will be being treated fairly in the land of the opportunity.

wordster
Wordster  (Level: 159.4 - Posts: 910)
Fri, 29th May '09 2:21 AM

VAT need not be raised on essential items. In Britain there is no VAT on essential items e.g. food. I believe this is true for state sales tax too. There is no VAT on children's clothes either. Companies that have low earnings don't have to charge VAT for their services though successive governments have been very reluctant to raise this level over the years. So VAT can be targeted at certain types of items. And if this pays for healthcare for less well off people then they are saving money there. How many Americans find themselves facing huge medical bills when they or their loved ones fall ill because their plans don't cover it all or they don't have one at all. If paying a small amount of extra sales tax means that you don't have to think twice about seeing the doctor when you need to then surely it is worth it.
Also my guess is that VAT if it ever happens in the USA would only be a few percent, not the massive 17.5% we pay in Britain. If not via VAT how do you propose to reduce the enormous budget deficit that Mr. Bush's administration ran up.

caramel1
Caramel1  (Level: 128.2 - Posts: 21598)
Fri, 29th May '09 4:00 AM

everyone will be treated fairly in this land of opportunity. Beverly you really must look at this bridge I have for sale. For starters take a look at the GREAT deal car dealerships and the bond holders (one of them at least representing Indiana retired teachers and police officers)-hardly Wall Street were given by the GOVERNMENT or the Auto Task Force (created by whom?) in the Chrysler bankruptcy thing GESUS

caramel1
Caramel1  (Level: 128.2 - Posts: 21598)
Fri, 29th May '09 7:58 AM

Wonder if the NEW GM and Chrysler buyers will be exempt from a VAT tax as the government has the majority ownership and will be giving them a ton more money but it won't make a huge news splash. Does it not bother any Obama supporter that he said on a CSpan interview when asked when we will be out of money he replied we have no money now? Does no one see the danger of the feds printing money to buy government bonds? China is certainly worried. California now wants the feds to back their debt which they will- a whole new bailout backed by nothing-

caramel1
Caramel1  (Level: 128.2 - Posts: 21598)
Fri, 29th May '09 10:46 AM

Gesus we now have a "Cyber Czar" is this old Russia with the czar thing? Certainly smacks of exerting power dunno ....

bobolicios
Bobolicios  (Level: 117.7 - Posts: 1745)
Fri, 29th May '09 11:50 AM

Wordster, just to let you know we don't all feel the way some who post do. I think a high end tax is fair. I think VAT is something that should be considered. We are talking about 1/4 of people in US without health insurance and hoping they don't die until they hit 65 when medicare kicks in. That is if the funds are still there for them. It is absurd to have Americans dying because they have no health insurance. I have no health insurance and most companies are either eliminating or charging ever increasiing prices for their subsidized health care policies. If VAT can help pass health insurance reform even if it hurts I am for it. This is a radical idea I know, but I believe alot of revenue can be generated by not entitling the rich to social security. If you already have millions of dollars and a pension why should you collect social security, it is just greed. Which Americans are good at. Also if you are wealthy and retired I think pensions should be more heavily taxed.

caramel1
Caramel1  (Level: 128.2 - Posts: 21598)
Fri, 29th May '09 11:59 AM

The rich "fat cats" have been moving out of certain states because they are being taxed to death. Perhaps if we hit them REALLY hard everywhere in the US they will find another country to live or at least relocate their business and ind then what about the"takers"???

bobolicios
Bobolicios  (Level: 117.7 - Posts: 1745)
Fri, 29th May '09 12:40 PM

I totally agree, if you have an absurd amount of monetary assets, you should be taxed right off the top. Ten percent sounds like a nice round figure. I mean come on how much can you spend in a lifetime. You can't take it with you and in less you are investing in the economy by employiing people or charitable donations I think we should tax the h--- out of them. Something that may not be considered popular. I don't care, and why should escape to another country and be able to hide money you earned in US. Tax them as soon as they earn it.

caramel1
Caramel1  (Level: 128.2 - Posts: 21598)
Fri, 29th May '09 12:52 PM

The new proposal includes taxing charitable contributions . Some people give justt because they are generous-some do so for the tax deduction. Who will it hurt the most by removing this deduction??

goddess28
Goddess28  (Level: 92.6 - Posts: 5236)
Fri, 29th May '09 12:56 PM

I havent heard anything about charitable donations being taxed, only that the idea was being floated to not allow it to be a tax writeoff any longer. Do you have a source for the donations comment? I would be interested to read that. I just read a Rolling Stone article about the death-tax that mentioned the tax writeoffs.

caramel1
Caramel1  (Level: 128.2 - Posts: 21598)
Fri, 29th May '09 1:01 PM



Pages:  1    



Copyright © 2003-2016 Sploofus Holdings LLC.  All rights reserved.
Legal Notice & Privacy Statement  |  Link to Sploofus