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Thread: Obama suggests value-added tax may be an option

  1. #51
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    Re: Obama suggests value-added tax may be an option

    "...Michael Linden, associate director of tax and budget policy at the Center for American Progress. 'Having a VAT replace income tax entirely is a terrible idea,' he said. 'If VAT becomes a solution it will have to be part of a larger tax system, ideally part of a larger tax reform effort.'”

    "Since VAT is a tax on consumption rather than income or investments, it’s considered a regressive tax. Poor people, who tend to spend a higher percentage of their income than wealthier ones, are disproportionately affected by consumption-based taxes. In the U.S., regressive sales taxes are balanced out by a progressive income tax structure."

    "Left-leaning think tanks such as the Center for American Progress express concern that adding a VAT to the country’s existing tax code or using it to replace the majority of the income tax, as Michael Graetz, Columbia University School of Law professor ... proposed to the Senate Finance Committee in 2008, would tip the balance in favor of the rich and drop a staggering weight on an already-struggling demographic."

    With VAT Tax on the Table, Progressives Sound Alarm The Washington Independent

    It seems to me that replacing the income tax with a VAT is even worse for the lower-income bracket then just adding the VAT. The lower-income people will pay the same flat tax in a VAT, but that flat tax will be a bigger percentage of their income compared to the upper class.

    No matter how it is looked at, VAT is a bigger burden on lower-income people, whether it is replacing the income tax or not.
    Last edited by Alex; 04-22-10 at 04:02 PM.
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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by Alvin T. Grey View Post
    Companies are VAT exempt. Us Europeans have it. We do fine.
    Just think how much better Europe would be doing if it was free.

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    Re: Obama suggests value-added tax may be an option

    The Messiah and the Democrats support VAT because it's a hidden tax, and hidden taxes are wonderful for doing political favors with, and wonderful because it can be raised and no one notices until it's too late.

    The Dems also love VAT because it will be a massive tax hike on the poor, who they hate.

    Not one thing good can be said about VAT.

    Drains money out of the economy, raises expenses for the poor, and everyone else, kills jobs, creates bureaucratic hassles for businesses, expands government, and will decrease net revenues.

    All in all, VAT is wonderful for Europe, precisely because of what I just said it does.

    The US should be looking towards a complete elimination of capital gains taxes on all levels, it should be looking at elimination of corporate taxes, and it should be looking to completely eliminate numerous government agencies that serve no function under the Constitution.

    But that's only if you want the US to survive and thrive.

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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by Reverend_Hellh0und View Post
    stop whining.


    Did you get a rebate in 2008? 2009?


    So Obama just kept the same thing going? he did not "cut" taxes. He simply kept the status quo.


    It amazes me how people follow the newspeak of our government officials.... By your logic, you can claim year after year, he's cutting new taxes, and you wont see a dime more.
    So by your logic if Obama wouldn't have given a rebate this year then he would have raised taxes?

    I just don't think you're being honest. They passed a one time rebate in 2008. If it said a rebate in 2008 and one in 2009 then yes, Obama would have been keeping the status quo cause he didn't have to do anything, he just let the existing rebate stay. If he and his congress actually had to add it in there though then it's his work and his tax cut.

    And besides, many conservative on here are complaining about how he would LOVE to raise taxes, but when given the chance to just sit on his thumb and do nothing, (and by your logic) raise taxes by not give everyone the rebate, he and the congress chose to give the rebate. Regardless of how you look at it it pokes holes in the concept that he's just sitting around thinking of ways to raise taxes and ruin your entire life.

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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by MrVicchio View Post
    Obama suggests value-added tax may be an option - Yahoo! News

    So much for the "No taxes on middle class" pledge. He'll push it. Mostly because the man has ZERO grasp on how a free market economy works... or he DOES and... well let's assume he's really not like that eh?
    LOL...

    Enjoy folks.

    I guarantee some companies are looking hard at moving overseas.
    You cannot compete with this burden.

    The beauty of the global economy. Here today, gone tomorrow.

    Obama is orchestrating the blows to bring down America.
    Too bad for those who don't want to or find it difficult to leave.

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    when you have NO MORAL COMPASS.

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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by Alvin T. Grey View Post
    Companies are VAT exempt. Us Europeans have it. We do fine.
    You do fine? LOL.

    Tell that to the Krauts. They lose a couple thousand jobs and Merkel gets involved, and politicians start a campaign against the company. The same thing happened near Nurnberg. They freak when a company decides to move because they cannot survive in western Europe.

    That's the spirit needed to promote business in the country.

    They do fine though. The workers too. That VAT and all the other burdens did them well.

    VAT, GST... another burden that makes Asia more attractive. Skinware there is cheaper and MORE productive.

    .
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    when you have NO MORAL COMPASS.

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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by zimmer View Post
    VAT, GST... another burden that makes Asia more attractive. Skinware there is cheaper and MORE productive.

    .
    Why don't you draw us a cartoon about Wal-Mart factories in China using little kids to make the pens you use to draw your 3rd rate comics? Companies like Wal-Mart see China as very attractive because of stuff like that.
    I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality. - MLK

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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by Scarecrow Akhbar View Post
    The Messiah and the Democrats support VAT because it's a hidden tax, and hidden taxes are wonderful for doing political favors with, and wonderful because it can be raised and no one notices until it's too late.

    The Dems also love VAT because it will be a massive tax hike on the poor, who they hate.

    Not one thing good can be said about VAT.

    Drains money out of the economy, raises expenses for the poor, and everyone else, kills jobs, creates bureaucratic hassles for businesses, expands government, and will decrease net revenues.

    All in all, VAT is wonderful for Europe, precisely because of what I just said it does.

    The US should be looking towards a complete elimination of capital gains taxes on all levels, it should be looking at elimination of corporate taxes, and it should be looking to completely eliminate numerous government agencies that serve no function under the Constitution.

    But that's only if you want the US to survive and thrive.
    Is there a lamer argument (coming from the left) than "the United States is the only first world nation that does not have_______"

    A VAT

    Socialized medicine

    Gun bans

    etc



  9. #59
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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by Hatuey View Post
    Why don't you draw us a cartoon about Wal-Mart factories in China using little kids to make the pens you use to draw your 3rd rate comics? Companies like Wal-Mart see China as very attractive because of stuff like that.
    if the Chinese are happy with the arrangement who are you to dictate their labor policies?



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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by NoJingoLingo View Post
    So if I understand the rightwingers in this thread, Obama isn't allowed to think about all options to fix our deficits and he's definitely not allowed to say he's thinking about all options? Sheesh, you righties go straight to hyperbole as if the Pres. had stated he was implementing a VAT.
    If he spends 6 trillion dollars in one year, how can you ever say he is trying to fix our deficits? Is this some part of the "New Math" I've heard about?
    There is no such thing as a “Natural Born Dual-Citizen“.

    Originally Posted by PogueMoran
    I didnt have to read the article to tell you that you cant read.

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