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View Diary: Killing Sacred Liberal Cows, or What Economists Think About the Economy (105 comments)

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  •  How to make a VAT progressive (0+ / 0-)

    Well, 47% dont pay a net income tax, right, so to approach that same figure, 47% need to not pay a VAT, in fact some people make out quite well with the Earned Income tax credit.

    SO folks who get money back, when they buy something the VAT has to give them money......

    And thats just the basics of dealing with making a VAT somewhat similar for households making 50k or less.

    Then the 200k Ferrari needs a good 200k-400k VAT

    Cause some working class dude gets a rebate, cause he has a job that when we had income tax he got 1k back.

    FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

    by Roger Fox on Thu Nov 15, 2012 at 03:39:33 PM PST

    [ Parent ]

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