Hi,

here in Hungary the state cuts proud 25%.

Regards,
Imre

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On Fri, 23 Aug 2002, Rick C. wrote:

> 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" <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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>
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