Where does all this blasted money go?

I still remember a sales tax of only 4 and 1/2 percent!

Now it's at 8 1/4 percent (then there's the income tax,
Social Security, ad nauseum)

RF Jim


   "Our ability to manufacture fraud has exceeded
    our  ability to detect it."

    - Al Pacino as Viktor Taransky in the movie 'Simone'



----- Original Message -----
From: "Jinx" <joecolquitt@CLEAR.NET.NZ>
To: <PICLIST@MITVMA.MIT.EDU>
Sent: Friday, August 23, 2002 5:08 PM
Subject: Re: [OT]: taxes


> > >I thought higher taxes hurt the economy!  Sounds like a viscous cycle
> > to me.;)
> >
> > The beauty of VAT (or GST) type taxes is that they don't really hurt
> > exports, as they are only applied on DOMESTIC CONSUMPTION.
> > Businesses pay them, then claim BACK the amounts paid as input
> > tax credits
>
> GST (Goods and Services Taxes / Grab Snatch Take) is 12.5% in
> NZ. I'm registered for it, even though by most reckonings I'm a very
> small business (well hardly even a business, I'm just a self-employed
> developer), and the rebate is a welcome bit of pocket money in
> addition to buying at trade prices. It also means I can pass on that
> lower price by excluding GST from the bill, which is a good will
> gesture towards customers
>
> But electronics aside, I think most people would feel a lot better
> if GST was not applied to basics like bread, milk, kids clothes
>

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