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GreyianStorm said:
drakesfortune said:
.jayderyu said:

Have you seen the debt of the US? It makes other countries look like perfect countries.

Also, VAT is just an alternative to Sales Tax. They aren't meant to both be used together. FYI: If sales tax and VAT are equal, people will pay way less in taxes at retail under the VAT system.


Please explain that logic.

A $300 item with 10% VAT would sell for $330 at retail with the consumer not being shown the original item's price.

A $300 item with 10% sales tax would sell for $300 + $30 tax for a total of $330.

$330 = $330.