Word: vat
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...hemmorage to hear a new idea." Well Long has just come up with a new one that's bound to give Americans more than a nose bleed. He has gotten together with Al Ullman--the Chairman of the House Ways and Means Committee--to propose a value added tax (VAT) which could drastically change the American tax system...
...couple of weeks before the election. About 45 Greek-Americans are sitting at the tables, chatting uniformly in Greek, and awaiting the candidate. There must be 300 donuts lying neatly arranged on the tables, but nobody has touched them. A young woman is manning the McDonalds-loaned drinking vat, but nobody seems to be interested...
...make at least 180-proof ethanol, which is strong enough to power a typical car motor, a home brewer needs only to throw some vegetable matter such as corn, potato peels, even rotten garbage, into a vat. He then adds a couple of commonly available brewer's enzymes (to speed up the conversion of starch into sugar) and some baker's yeast (to bring about the fermentation). After fermentation is complete, which takes less than a week, the mess is dumped into a still, where the alcohol is boiled off. Basically just moon shiner's gear...
...standard rate will drop from 33% to 30%. Personal exemptions will be raised, effectively severing 1.3 million more Britons from the tax rolls. To replace the estimated $9.5 billion in lost revenues from the reduced income tax, the budget calls for an increase in the value-added tax (VAT), a national sales levy that is applied to all but essential goods and services. VAT rates, which vary from 8% to 12.5%, will move up to 15%. That bad news triggered a rush to shops and department stores, as customers hurried to make purchases before the new rate goes into effect...
First had come the numbing photos: nearly 900 colorfully clad bodies clustered near a vat of poison. Next, the anguished accounts of the bewildering tragedy by its few survivors. Last week, nearly four months after they had occurred, the mass deaths at Jonestown in the remoteness of Guyana's jungles took on a new and far more personal dimension. Americans sat in their living rooms and heard the actual sounds of the Peoples Temple dying...