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To: Mojave
"The Fair Tax is now the equivalent of the VAT?"

Sure. According to the article, it's collected "exactly the same way"!

"the value-added tax, which is the most successful tax in the world"

Yeah. Because it's NOT collected "exactly the same way" as the Fair Tax. Plus, the VAT is in addition to an income tax.

20 posted on 01/20/2008 7:25:30 AM PST by robertpaulsen
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To: robertpaulsen
Because it's NOT collected "exactly the same way" as the Fair Tax. Plus, the VAT is in addition to an income tax.

Stop that! Just because Fair Taxer talking points contradict themselves doesn't mean you're allowed to point it out.

35 posted on 01/20/2008 8:30:55 AM PST by Mojave
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To: robertpaulsen

The VATs are collected at the point of sale as a percentage of the transaction with any difference being that the VATs will typically tax business to business purchases while the FairTax does not. That makes the VATs a cascading tax that boosts prices which the FairTax does not do.

The method of calculation is simple for either tax but the FairTax is superior since it doesn’t enforce the bureaucratic mess (and evasion opportunity) of applying to the government to plead your case for a refund of overpaid amounts. Both are vastly easier to calculate and collect than an income tax system.


401 posted on 01/21/2008 7:17:55 PM PST by baybabe
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