Here in Virginia, 4-1/2%.........still! Rick Jim wrote: > 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