BBC: Budget: Osborne's 'tough' package puts VAT up to 20%
To be fair, the U.K. is facing an awful financial crisis, and their proposed budget has been getting good reviews. But still ...
The Value-Added-Tax (VAT) in Britain was already an eye-popping 17.5%!
It is apparent that this tax is easy to raise. Despite the usual assurances from the political class that any American proposed VAT would be reasonable, in a generation, we would no doubt be right there with the Brits ...
Additionally, the VAT is an a very complex tax system, and I'm all for tax simplification.
And the simplest answer is to say no to any VAT in the U.S.
The Right-Wing Revolution
22 hours ago