wait until TX has a state income tax and a sales tax on food, rent, prescription drugs and medical services Ken Honolulu -----Original Message----- From: Jim [mailto:jvpoll@DALLAS.NET] Sent: Friday, August 23, 2002 12:15 PM To: PICLIST@MITVMA.MIT.EDU Subject: Re: [OT]: taxes 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" To: 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 > -- http://www.piclist.com#nomail Going offline? Don't AutoReply us! email listserv@mitvma.mit.edu with SET PICList DIGEST in the body -- http://www.piclist.com#nomail Going offline? Don't AutoReply us! email listserv@mitvma.mit.edu with SET PICList DIGEST in the body