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    As of Friday, August 5th, 2022, the Bring4th forums on this page have been converted to a permanent read-only archive. If you would like to continue your journey with Bring4th, the new forums are now at https://discourse.bring4th.org.

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    Bring4th Bring4th Community Olio On VAT.

    Thread: On VAT.


    Cyan Away

    Account Closed
    Posts: 871
    Threads: 96
    Joined: Nov 2017
    #1
    04-04-2019, 10:30 AM (This post was last modified: 04-04-2019, 10:30 AM by Cyan.)
    So, everyone knows what value added tax, or VAT is, right, I'll still explain in short, if you buy a 10 euro product thats under VAT o 22% you pay 12.20 total and 2.20 goes to tax, VAT can be bigger than 100% thus and still not cause problems as its addedd to the original cost instead of deduction from total cost of product.

    So, if we boost VAT by 1% every 3 months and use the money to remove other taxes and fund the state we'll get to around 75% VAT, and full employment and there will be things like 3 times more hospitals and no other forms of taxation*, downside is that poor people will very eagerly avoid taxes by import but larger items will have VAT addedd to them despite being imported, the people avoiding taxes will be higher but it will be much easier to impact corporate tax levels via VAT.

    So, thoughts, how would your optimum state handle taxes, VAT, Tarif, Voluntary, no money?

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