VAT taxes are used in Europe, as things are built up, each stage is taxed per the value added. End item VAT taxes are sales taxes where the item is taxed at full value.
Your description of the flat tax is right on.
Post card. Sales minus cost of production = income.
VAT taxes are used in Europe, as things are built up, each stage is taxed per the value added. End item VAT taxes are sales taxes where the item is taxed at full value.
Your description of the flat tax is right on.
Post card. Sales minus cost of production = income.
Multiple by .05, send it in.
A good question, why do military types pay taxes? Also, if you have paid taxes for social security throughout your life, why do you have to pay again after retirement?
VAT taxes are used in Europe, as things are built up, each stage is taxed per the value added. End item VAT taxes are sales taxes where the item is taxed at full value.
Your description of the flat tax is right on.
Post card. Sales minus cost of production = income.
Multiple by .05, send it in.
A good question, why do military types pay taxes? Also, if you have paid taxes for social security throughout your life, why do you have to pay again after retirement?