tag:blogger.com,1999:blog-1038409030829512383.post6070375829352963052..comments2024-02-11T14:15:58.105-06:00Comments on The Conservative Kitchen Table: The Destruction Of The American Middle-Classlady redhttp://www.blogger.com/profile/15618584698591777253noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-1038409030829512383.post-54775361782192520472010-04-08T09:11:17.844-05:002010-04-08T09:11:17.844-05:00BTW..Michigan has had a VAT clone for decades now....BTW..Michigan has had a VAT clone for decades now...called the Single Business Tax (SBT) then revised slightly to be the Michigan Business tax (MBT). It is paid indivually by each and every company that handles a product from raw materials to end item. It must be paid even if said company(s) has no profit for the year due...e.g.,the perfect tax...one that is due and payable even if there are no proceeds from which to pay it.<br /><br />And it's done us wonders here...we lead the nation with the highest unemployment, and have for some time now. See we have both a VAT and a Sales/Use tax to compound the madness.Aridoghttps://www.blogger.com/profile/18345930150667529742noreply@blogger.comtag:blogger.com,1999:blog-1038409030829512383.post-6820814724584343672010-04-08T09:05:08.684-05:002010-04-08T09:05:08.684-05:00Lady Red said: "As I understand it, a VAT tax...Lady Red said: "<i>As I understand it, a VAT taxes the difference between materials cost and retail price, <b>which includes, among other things, labor</b>.</i>"<br /><br />Labor, which has <i>already</i> been taxed to the individual laborer...and is then taxed again at the gross amount, not AGI, to that same laborer when he/she becomes the retail consumer. <br /><br />Clear away all the smoke, mirrors and Kool Aid, it is a double tax on labor, and must be paid by a producer whether or not there is any net income from which to pay it...e.g., in loss years the producer pays from equity ....e.g., retained earnings.<br /><br />VAT's are due and payable at each transaction step in the process, not just applied to retail. Supplier A takes raw material and makes it in to an alloy...adding value, and producer A pays a VAT tax on that increased difference in value. The producer B takes that alloy and makes a widget, adding value, upon which he is taxed on the added amount...compounding at each step in the proces until it reaches the consumer who pays it as part of the widget cost.<br /><br />VAT may or may not be added again at the retail level, depending on the jurisdiction & process definition. If the jurisdiction has a sales/use tax, then that tax is applied to the retail price, which includes the VAT accumulation. In short, there can be a <i>3rd tax</i> on the same values for labor & price.<br /><br />Now all y'all bend over and grab your ankles, so's Queen Regent Nancy the P can drive you home with her majik dildo.Aridoghttps://www.blogger.com/profile/18345930150667529742noreply@blogger.comtag:blogger.com,1999:blog-1038409030829512383.post-18351137999076700222010-04-08T06:33:39.227-05:002010-04-08T06:33:39.227-05:00If manufacturers and wholesalers incur a 20% cost ...If manufacturers and wholesalers incur a 20% cost increase, that cost is passed on to the consumer. Consumers also pay the VAT directly.<br /><br />Prices go up. Way up.<br /><br />As I understand it, a VAT taxes the difference between materials cost and retail price, which includes, among other things, labor.lady redhttps://www.blogger.com/profile/15618584698591777253noreply@blogger.comtag:blogger.com,1999:blog-1038409030829512383.post-4294259153363952412010-04-08T03:07:42.316-05:002010-04-08T03:07:42.316-05:00Does anyone here realize that a VAT is a tax on la...Does anyone here realize that a VAT is a tax on labor, one that is cummulative from raw materials to end product? <br /><br />Also, that a VAT tax does <i>NOT</i> presume any gain (net profit) from which to draw tax payments, and that in a loss year, a firm will have to pay from equity...e.g. retained earnigns from a prior period(s)? <br /><br />Canada has a VAT that is handled with some attenuation, as I understand it, via tax credits. I'd like to know more about how Canda handles VAT's.<br /><br />The VAT's I've dealt with in the USA are not attenuated, but are not assessed at retail either....rather they are cumulative in the price at retail, similar to an excise tax.Aridoghttps://www.blogger.com/profile/18345930150667529742noreply@blogger.comtag:blogger.com,1999:blog-1038409030829512383.post-29623333108592943812010-04-07T22:08:51.497-05:002010-04-07T22:08:51.497-05:00You know that is the idea, but anyone who would be...You know that is the idea, but anyone who would be a sucker has gone through the trouble of entering the country legally (in other words, they were already suckers). The ones for whom they want to comprehensively reform immigration are being given a free ride.RadioMattMhttps://www.blogger.com/profile/04279791190310394287noreply@blogger.comtag:blogger.com,1999:blog-1038409030829512383.post-12610105742156225702010-04-07T21:46:49.160-05:002010-04-07T21:46:49.160-05:00Ponzi schemes collapse when you run out of suckers...Ponzi schemes collapse when you run out of suckers.<br /><br />Problem: we're out of suckers.<br /><br />Solution: import more suckers.<br /><br />Next stop: "comprehensive immigration reform".lewy14https://www.blogger.com/profile/07524380685282662887noreply@blogger.comtag:blogger.com,1999:blog-1038409030829512383.post-679124913442445362010-04-07T21:26:42.265-05:002010-04-07T21:26:42.265-05:00Translated:
"You are lucky we let you keep a...Translated:<br /><br />"You are lucky we let you keep any of it, you stupid peons.<br /><br />And if you don't like it, it's because you're racist!"RadioMattMhttps://www.blogger.com/profile/04279791190310394287noreply@blogger.comtag:blogger.com,1999:blog-1038409030829512383.post-32775710402784416122010-04-07T16:23:09.042-05:002010-04-07T16:23:09.042-05:00imgw:"http://i627.photobucket.com/albums/tt35...imgw:"http://i627.photobucket.com/albums/tt358/redhawkclan/taxcartoon809.jpg"lady redhttps://www.blogger.com/profile/15618584698591777253noreply@blogger.comtag:blogger.com,1999:blog-1038409030829512383.post-45243722719978534582010-04-07T16:08:57.142-05:002010-04-07T16:08:57.142-05:00imgw:"http://i627.photobucket.com/albums/tt35...imgw:"http://i627.photobucket.com/albums/tt358/redhawkclan/blamebush.jpg"lady redhttps://www.blogger.com/profile/15618584698591777253noreply@blogger.comtag:blogger.com,1999:blog-1038409030829512383.post-41593612771419441912010-04-07T16:01:23.172-05:002010-04-07T16:01:23.172-05:00This is scary, folks.This is scary, folks.lady redhttps://www.blogger.com/profile/15618584698591777253noreply@blogger.com