www.economyincrisis.org/articles/show/3638
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PHred42 since 8 days 14 hours 55 minutes, published about 8 days 4 hours 18 minutes
According to the CPA, foreign consumption taxes, or value-added taxes, and currency manipulation are the two most important trade barriers affecting U.S. exports
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The wealthy are pushing for a national sales tax or VAT in order to transfer more of the nation's tax burden to poor people.
That is not correct. VAT is a sales tax. Like any other sales tax, VAT applies to imports and local sales. Like any other sales tax, VAT does not apply to exports.
The only difference between VAT and a regular sales tax - the reason that Limbaugh's advertisers hate VAT - is that the way it's collected makes it much harder for business owners to avoid paying VAT.