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April 8, 2010
Income tax. what is being put on the table here is a national sales tax. thats what a value added tax is. >> greta: it is a tax on every change in value of a product pushed on. >> if you bought a $300 iphone under 20% added value tack the cost might be $360. this major tax it hits the middle class. in addition to state sales taxes. a lot of states have hired 6, 8, some 10%. if you have 18 or 20% value added tax you are talking about 25% sales tax at the cash register every time you buy food, gro...
April 8, 2010
Income tax. what is being put on the table here is a national sales tax. thats what a value added tax is. >> greta: it is a tax on every change in value of a product pushed on. >> if you bought a $300 iphone under 20% added value tack the cost might be $360. this major tax it hits the middle class. in addition to state sales taxes. a lot of states have hired 6, 8, some 10%. if you have 18 or 20% value added tax you are talking about 25% sales tax at the cash register every time you buy food, gro...