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| Re: More Americans renouncing citizenship because of greedy government (1237163) | |||
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Re: More Americans renouncing citizenship because of greedy government |
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Posted by AlM on Wed Oct 29 01:28:15 2014, in response to Re: More Americans renouncing citizenship because of greedy government, posted by SelkirkTMO on Tue Oct 28 19:39:50 2014. VAT only taxes the added value. If I run a bodega and buy soda from a distributor at 50 cents a bottle and sell it for a dollar, I only pay VAT on the 50 cents added. So the total VAT paid on the end product is only the VAT percentage times 1.0. |
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