http://dumpdc.wordpress.com/2010/04/05/america-prepare-for-an-avalanche-of-taxes/
America: Prepare For An Avalanche Of Taxes
by J.D. Longstreet
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Charles Krauthammer has authored a piece entitled: “The ‘value added tax’ is coming to America” In his article Krauthammer says: “People are used to sales taxes, and this one produces a river of revenue. Every 1 percent of VAT would yield up to $1 trillion a decade (depending on what you exclude – if you exempt food the yield would be more like $900 billion).
It’s the ultimate cash cow. Obama will need it. By introducing universal health care, he has pulled off the largest expansion of the welfare state in four decades. And the most expensive. Which is why all of the European Union has the VAT. Huge VATs. Germany: 19 percent. France and Italy: 20 percent. Most of Scandinavia: 25 percent.
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Social Security was supposed to be tax free. Then the Democratic congresscritters reneged on that pledge, so it’s included in your income tax.
Roth’s were supposed to accumulate tax free since you already paid tax on them.
After the plague of taxes, you save a few bucks.
Then, when you go to spend them, you’re paying taxes.
Hidden taxes abound in the cost of products and services thanks to the corporate taxes.
When do we say “Stop, thief!”?
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