Watch out for the VAT tax!
He commented today on Fox News that politicians are seriously considering starting the “VAT” tax here in the U.S.
So….what is a VAT tax? It is a “Value Added Tax”, which according to Mr. Forbes, it is basically a “super sales tax” that is embedded in the price you pay for consumer goods/items. The people will end up blaming the merchant and not the politicians…..thus the reason they believe this would be good. It is a way to grow big government, at the expense of even the poorest people.
Currently, the VAT tax is utilized in Europe, and its tax rate is between 20 to 25%.
Everything I have read about the VAT tax is not good. If you wish to find out much more about it….please check out this link:
The current administration is trying every thing they can to expand the government….to the point of no return.
We must stop the insanity of “spend, spend, spend”, and return to fiscal responsibility.