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wishstar

(5,837 posts)

9. VAT would tax everyone more rather than target the wealthiest that can afford more taxes

Reply to 3Hotdogs (Reply #7)

Sun Nov 21, 2021, 10:09 AM

Nov 2021

the 20% VAT in UK on goods and services that is passed on to consumers would be wildly unpopular here and is terribly regressive in increasing the effective tax rates of the less wealthy.

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Trump's Estate Tax Giveaway To Rich Triggered 50% Drop In The IRS Revenue: Report [View all] babylonsister Nov 2021 OP

Joe Manchin needs to get up to speed on this. nt oasis Nov 2021 #1

Maybe he and or his family benefits from this law???? riversedge Nov 2021 #5

Joe Manchin doesn't care about facts. paleotn Nov 2021 #15

Republicans do this to us over and over at federal, state and local levels. KY_EnviroGuy Nov 2021 #2

Why are we not reversing this?? Scrivener7 Nov 2021 #3

Maybe a fight not worth having since it expires after 2025 anyway...? (n/t) thesquanderer Nov 2021 #13

Good point. Pick your hills. paleotn Nov 2021 #16

So we transfer another 70 billion (rounding the math here of 10 billion/year from 2018 to 2025) Scrivener7 Nov 2021 #25

We couldn't do anything about 2018, 2019, 2020, or 2021 no matter what. So... half that? (n./t) thesquanderer Nov 2021 #29

Well. Only thirty five billion (and we COULD try for a claw back, but OK, let's not consider it) Scrivener7 Nov 2021 #30

It got labeled "The Death Tax" and unfair to poor farmers trying to pass their farms on to heirs. TigressDem Nov 2021 #20

Another republiQan PR success that we did not effectively counter. Scrivener7 Nov 2021 #26

The Bush family was one of them, weren't they? Frustratedlady Nov 2021 #4

Theft by any other name is still theft bucolic_frolic Nov 2021 #6

Would a V.A.T. (Value added tax) solve some of this? 3Hotdogs Nov 2021 #7

VAT would tax everyone more rather than target the wealthiest that can afford more taxes wishstar Nov 2021 #9

Yes, it is regressive but if accompanied by refund credits based on income....Or 3Hotdogs Nov 2021 #10

Every time the tax code becomes more complex it tends to become more unfair. jaxexpat Nov 2021 #24

Why? Why not just tax the tenth billion in income (whatever kind of income) at 90%? Scrivener7 Nov 2021 #27

We want EU style programs but refuse to fund it with EU-style taxes oldsoftie Nov 2021 #11

That's regressive taxation.... paleotn Nov 2021 #21

Just more worthless trust fund babies. The Jungle 1 Nov 2021 #8

Free lunch for the rich dlk Nov 2021 #12

The people who want us to believe taxation is theft are also the biggest looters of our government. Efilroft Sul Nov 2021 #14

Am I surprised? Nope. paleotn Nov 2021 #17

Extreme Viewpoints Jazz Jon Nov 2021 #18

Northeast Jazz Jon Nov 2021 #23

The estate tax kicks in at 12 million. If you can't pay the estate tax on your Scrivener7 Nov 2021 #28

No, Dems don't want to tax 50% of estates moose65 Nov 2021 #31

Then the republicans claim Democratic policy caused it liberal N proud Nov 2021 #19

...K&R... spanone Nov 2021 #22

K&R ck4829 Nov 2021 #32