I thought I would start a new thread on this.I have read good and bad about this type of taxation. A lot of countries, about 150, use this model.The US scenario I saw had a multi-year transition from income tax to VAT.Another showed the depth it could be implemented at. The worst was "any time money changed hands". This was a little scary. A tax was levied when you rcvd a pay check, when it gets deposited by you, when you write a check, etc. Most agreed that this would not be realistic.It does show that the rules for it need to be made more bullet-proof than our current laws are, being changed each time a new congress gets elected.Here is one article from April, 2010:http://www.cbsnews.com/8301-503983_162-20001918-503983.htmlGenehttp://www.taylortel.net/~gdett2/
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar