Detailed text transcripts for TV channel - FOXNEWS - 20100416:16:36:00
There is a value added tax. when the baker sells it to the grocery store there is value added tax, when the store sells it to an individual, this a value added tax. >> reporter: 25% in some of the scanned favorran countries. jon: if it were imposed here wait be instead of the income tax or in addition to the income tax? >> that is the controversy. the poor and wealthy pay the same tax on every product, but you get different views whether it should be on top of the income tax. >> you would not want a value added tax to replace the income tax. if you did that you would have huge tax increased on...
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