View Poll Results: Should the Federal Govt. implement a Value Added Tax (VAT)?

Voters
20. You may not vote on this poll
  • Yes

    1 5.00%
  • No

    15 75.00%
  • Not sure

    4 20.00%
Page 1 of 4 123 ... LastLast
Results 1 to 10 of 39

Thread: Should the Federal Govt. implement a Value Added Tax (VAT)?

  1. #1
    Living in Gods country


    JANFU's Avatar
    Join Date
    Dec 2014
    Last Seen
    @
    Gender
    Lean
    Slightly Liberal
    Posts
    17,818

    Should the Federal Govt. implement a Value Added Tax (VAT)?

    Should the Federal Govt. implement a Value Added Tax (VAT)?
    A consumption tax, more you consume more you pay, a fair tax?
    Massive deficits – massive debt – the fairest tax of all
    Value-added tax - Wikipedia, the free encyclopedia

    A value-added tax (VAT) or also General Sales tax (GST) is a form of consumption tax. From the perspective of the buyer, it is a tax on the purchase price. From that of the seller, it is a tax only on the value added to a product, material, or service, from an accounting point of view, by this stage of its manufacture or distribution. The manufacturer remits to the government the difference between these two amounts, and retains the rest for themselves to offset the taxes they had previously paid on the inputs
    The value added to a product by or with a business is the sale price charged to its customer, minus the cost of materials and other taxable inputs. A VAT is like a sales tax in that ultimately only the end consumer is taxed. It differs from the sales tax in that, with the latter, the tax is collected and remitted to the government only once, at the point of purchase by the end consumer. With the VAT, collections, remittances to the government, and credits for taxes already paid occur each time a business in the supply chain purchases products.
    State and Local Sales Tax Rates in 2014 | Tax Foundation
    Last edited by JANFU; 04-26-15 at 01:48 PM.
    Quote Originally Posted by Fenton View Post
    Hillary is the only defense I or anyone else needs.
    Quote Originally Posted by apdst View Post
    Not once have I showed my dick to a woman and she thought it was creepy. In fact, in 100% of the cases, they were pretty excited about it. I don't know who you're showing your **** too.

  2. #2
    Phonetic Mnemonic ©
    radcen's Avatar
    Join Date
    Sep 2011
    Location
    Look to your right... I'm that guy.
    Last Seen
    Today @ 10:17 PM
    Lean
    Centrist
    Posts
    33,403

    Re: Should the Federal Govt. implement a Value Added Tax (VAT)?

    I'm generally against the idea, but if it were to REPLACE most of the taxes we have now I'd consider it.

    If it were just added to the already long list we have, then I'd be absolutely against it.
    If you claim sexual harassment to be wrong, yet you defend anyone on your side for any reason,
    then you are a hypocrite and everything you say on the matter is just babble.

  3. #3
    Sage

    Join Date
    Jul 2013
    Last Seen
    Today @ 06:41 PM
    Lean
    Independent
    Posts
    43,289

    Re: Should the Federal Govt. implement a Value Added Tax (VAT)?

    Quote Originally Posted by JANFU View Post
    Should the Federal Govt. implement a Value Added Tax (VAT)?
    A consumption tax, more you consume more you pay, a fair tax?
    Massive deficits – massive debt – the fairest tax of all
    Value-added tax - Wikipedia, the free encyclopedia



    State and Local Sales Tax Rates in 2014 | Tax Foundation
    Why would you want the extra compliance issues and bureaucracy required by VAT vs the those of a sales tax?

    Also, it is important to note, that the effect of a tax depends on the tax mix. What tax would you propose reducing to compensate the higher levy.

  4. #4
    Sage
    Lutherf's Avatar
    Join Date
    Sep 2012
    Location
    Tucson, AZ
    Last Seen
    Today @ 08:52 PM
    Gender
    Lean
    Conservative
    Posts
    24,655

    Re: Should the Federal Govt. implement a Value Added Tax (VAT)?

    Personally, I think it would be much easier on everyone if the government simply confiscated all personal property, did away with money and issued people a modest lifestyle. We American are all too greedy and stupid to fend for ourselves anyway so it's best that we have government watchers looking out for us.

  5. #5
    Sage

    Join Date
    Mar 2012
    Location
    Republic of Florida
    Last Seen
    Today @ 06:14 PM
    Gender
    Lean
    Libertarian
    Posts
    14,016

    Re: Should the Federal Govt. implement a Value Added Tax (VAT)?

    Why is there no "HELL NO" option?

  6. #6
    Sage

    Join Date
    Mar 2012
    Location
    Republic of Florida
    Last Seen
    Today @ 06:14 PM
    Gender
    Lean
    Libertarian
    Posts
    14,016

    Re: Should the Federal Govt. implement a Value Added Tax (VAT)?

    Quote Originally Posted by Lutherf View Post
    Personally, I think it would be much easier on everyone if the government simply confiscated all personal property, did away with money and issued people a modest lifestyle. We American are all too greedy and stupid to fend for ourselves anyway so it's best that we have government watchers looking out for us.
    We're 40% of the way there (on income anyway).

  7. #7
    Sometimes wrong

    ttwtt78640's Avatar
    Join Date
    May 2012
    Location
    Uhland, Texas
    Last Seen
    Today @ 10:12 PM
    Gender
    Lean
    Libertarian
    Posts
    34,566

    Re: Should the Federal Govt. implement a Value Added Tax (VAT)?

    Quote Originally Posted by radcen View Post
    I'm generally against the idea, but if it were to REPLACE most of the taxes we have now I'd consider it.

    If it were just added to the already long list we have, then I'd be absolutely against it.
    Since so many things now depend upon IRS as the enforcement machanism, i.e. having a federal income tax, it is highly unlikely that it will ever go away. The most likely tax modification scenario would be some sort of "reform" of the federal income tax coupled with the addition of national VAT/sales tax. Our congress critters just love their ability to exchange IRS code changes for campaign cash which also makes it politically difficult to eliminate the IRS. One major difficulty of having a national sales tax is that it would likely not match the items taxed (or not taxed) by current state/local sales taxes making it more complicated to implement/enforce.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  8. #8
    Sometimes wrong

    ttwtt78640's Avatar
    Join Date
    May 2012
    Location
    Uhland, Texas
    Last Seen
    Today @ 10:12 PM
    Gender
    Lean
    Libertarian
    Posts
    34,566

    Re: Should the Federal Govt. implement a Value Added Tax (VAT)?

    Quote Originally Posted by Lutherf View Post
    Personally, I think it would be much easier on everyone if the government simply confiscated all personal property, did away with money and issued people a modest lifestyle. We American are all too greedy and stupid to fend for ourselves anyway so it's best that we have government watchers looking out for us.
    Exempting themselves, of course.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  9. #9
    Mixed Government advocate
    Master PO's Avatar
    Join Date
    Oct 2012
    Location
    93,000,000 miles from Earth where its very Hot
    Last Seen
    11-30-17 @ 01:52 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    31,331

    Re: Should the Federal Govt. implement a Value Added Tax (VAT)?

    Quote Originally Posted by Lutherf View Post
    Personally, I think it would be much easier on everyone if the government simply confiscated all personal property, did away with money and issued people a modest lifestyle. We American are all too greedy and stupid to fend for ourselves anyway so it's best that we have government watchers looking out for us.
    you are so clever!

  10. #10
    Living in Gods country


    JANFU's Avatar
    Join Date
    Dec 2014
    Last Seen
    @
    Gender
    Lean
    Slightly Liberal
    Posts
    17,818

    Re: Should the Federal Govt. implement a Value Added Tax (VAT)?

    Quote Originally Posted by joG View Post
    Why would you want the extra compliance issues and bureaucracy required by VAT vs the those of a sales tax?

    Also, it is important to note, that the effect of a tax depends on the tax mix. What tax would you propose reducing to compensate the higher levy.
    Harmonized sales taxes
    It would be implemented as a national sales tax. Company A sells product to company B and to company C- is a sales tax added at each step in the chain of company to company sales?

    Goods and services tax/harmonized sales tax (GST/HST)

    In canada the VAT was added over and above Provincial sales tax. Most if not all provinces have harmonized their Prov rates with the federal govt. Alberta does not have a prov. sales tax. May have after the election?????

    Also as it impacts low income, a percentage based upon that - income level - family size is rebated.
    Goods and Services Tax (Canada) - Wikipedia, the free encyclopedia

    Untaxed items[edit]
    The tax is a 5% tax imposed on the supply of goods and services that are purchased in Canada, except certain items that are either "exempt" or "zero-rated":
    • For tax-free — i.e., "zero-rated" — sales, GST is charged by suppliers at a rate of 0% so effectively there is no GST collected. However when a supplier makes a zero-rated supply, it is eligible to recover any GST paid on purchases used in producing the particular supply or service. This effectively removes the cascading tax from these particular goods and services.
    o Common zero-rated items include basic groceries, prescription drugs, inward/outbound transportation and medical devices (GST/HST Memoranda Series ME-04-02-9801-E 4.2 Medical and Assistive Devices). Certain exports of goods and services are also zero-rated.
    • For tax-exempt supplies, the supply is not subject to GST and suppliers do not charge tax on their exempt supplies. Furthermore, suppliers that make exempt supplies are not entitled to recover GST paid on inputs acquired for the purposes of making the exempt good or service. Tax-exempt items include long term residential rents, health and dental care, educational services, day-care services, legal aid services, and financial services.
    Quote Originally Posted by Fenton View Post
    Hillary is the only defense I or anyone else needs.
    Quote Originally Posted by apdst View Post
    Not once have I showed my dick to a woman and she thought it was creepy. In fact, in 100% of the cases, they were pretty excited about it. I don't know who you're showing your **** too.

Page 1 of 4 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •