Word: vat
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Several ways of taxing consumption are being discussed. One option is the value-added tax (VAT), which is used in most West European countries. The VAT is similar to a national sales tax, except that it is paid at every link in the production and distribution chain as more value is added to a product. A furniture store, for example, pays a tax on the sofas that it buys from a manufacturer, and consumers pay the tax when they purchase the couches in the store. The VAT is also levied on services such as hairdressing, home repairs and car rentals...
...mortgages, revenues would rise by an estimated $9.6 billion in 1986. McKie called for a $5-per-bbl. tax on imported oil. That would spur energy conservation and could cut the deficit by about $10 billion in 1986. McKie also said that Congress should consider a value added tax (VAT), a kind of national sales tax used by most West European countries. Basic foods and other essential goods could be exempted from the tax to minimize its impact on poor people...
...other conservative economists have long insisted that the steady climb of income tax rates caused by inflation has undermined incentives for Americans to save more of their earnings. Conceding that some kind of tax increase may be inevitable, Greenspan suggested that Congress consider the value added tax (VAT), a form of national sales tax used by many West European nations. Unlike the progressive income tax, the VAT would not discourage savings and investment...
...natural gas prices with a tax on the windfall profits the industry would reap. The price hike would cut consumption of an important fuel, and the tax could net the Treasury perhaps $20 billion in 1983. Greenspan suggested that Congress might look seriously at the Value Added Tax (VAT), a kind of national sales tax that is used by most Western European countries...
...most of all, it makes me thing of Sugar Daddies--those generous-sized oblong lollipops that bend into curious little cow licks after they've been in your mouth for a white. I remember a commercial for Sugar Daddies that used to be on TV. In showed a vat powering--and it seemed like it would poor eternally--the thick golden brown syrup that eventually hardened into the lollipops. On Golden Pond is a lot like that. You walk out feeling like someone has poured thick sugar syrup all over you. Of course, that need...