Larry Andre on tue 4 may 10
One main difference between the UK and the US VAT tax is US tax is in
ADDITION to income taxes and sales taxes and every other kind of tax we
already pay. If we only paid a VAT then it might be a good idea. L
--------------------------------------------------
From: "Steve Mills"
Sent: Tuesday, May 04, 2010 6:52 AM
To:
Subject: Re: VAT vs. Potters UK and EU members comment?
> Here in the UK, VAT is currently at 17.5%. There is an annual sales figur=
e
> below which the maker is exempt, but above that it kicks in on all sales.
> There are exemptions e.g. Food items, but not too many.
> As has been stated before any VAT paid on goods purchased by the maker ca=
n
> be reclaimed, and only the percentage paid by the customer is forwarded o=
n
> to the Government.
> It's predecessor Purchase Tax was complicated, labyrinthine, and arbitrar=
y
> (or so it seemed), and required the extensive use of a Manual several
> inches
> thick.
> As a Maker the unwritten rule was that the Purchase Tax Inspector was you=
r
> best friend; he/she could make or break you, "Little Tin God" was putting
> it
> mildly!
> VAT in contrast was (and some feel still feel is) a blessing in its utter
> (comparative) simplicity.
> I found it a blessing because it MADE me do my accounts quarterly, rather
> than a mad scramble at the end of the Financial Year!!!
>
> Steve M
>
> 2010/5/4 Claudia MacPhee
>
>> You probably didn't know that Canada also has a VAT tax that we call th=
e
>> GST. Originally it was 7%. The party now in power has taken it down to 5=
%
>> (won't go into the reasons etc. and my opinion on it).
>> As a business you get refunded any GST you pay. HOWEVER, you have to
>> charge it when you sell retail and remit it to the Government. No charge=
s
>> on
>> wholesale orders. It is a royal BITB. With the Free Trade Agreement ther=
e
>> is
>> no duty on ceramic materials crossing the border. Same on finished goods=
.
>> Just the stupid GST.
>> In the Yukon we have no sales taxes so are better off than most
>> provinces. Some poor devils have a thing called "harmonized taxes". They
>> pay
>> up to 15% on just about everything they buy. Buy a litre of yogurt, no
>> tax.
>> Buy a small container, pay tax!
>> If you guys are serious about a revolution this should start one! We pu=
t
>> up with it because Canadians are pretty peace loving and limit their
>> protests to complaining.
>>
>> Claudia MacPhee Tagish, Yukon
>> www.paintedbyfire.blogspot.com
>>
>> _________________________________________________________________
>> Videos that have everyone talking! Now also in HD!
>> http://go.microsoft.com/?linkid=3D9724465
>>
>
>
>
> --
> Steve
> Bath
> UK
> www.mudslinger.me.uk
>
> Growing old is inevitable, growing up is optional!
jonathan byler on tue 4 may 10
europeans usually pay income tax too. unless they are freelance and
then pay business taxes.
On May 4, 2010, at 7:23 PM, Larry Andre wrote:
> One main difference between the UK and the US VAT tax is US tax is in
> ADDITION to income taxes and sales taxes and every other kind of tax
> we
> already pay. If we only paid a VAT then it might be a good idea. L
> --------------------------------------------------
> From: "Steve Mills"
> Sent: Tuesday, May 04, 2010 6:52 AM
> To:
> Subject: Re: VAT vs. Potters UK and EU members comment?
>
>> Here in the UK, VAT is currently at 17.5%. There is an annual sales
>> figure
>> below which the maker is exempt, but above that it kicks in on all
>> sales.
>> There are exemptions e.g. Food items, but not too many.
>> As has been stated before any VAT paid on goods purchased by the
>> maker can
>> be reclaimed, and only the percentage paid by the customer is
>> forwarded on
>> to the Government.
>> It's predecessor Purchase Tax was complicated, labyrinthine, and
>> arbitrary
>> (or so it seemed), and required the extensive use of a Manual several
>> inches
>> thick.
>> As a Maker the unwritten rule was that the Purchase Tax Inspector
>> was your
>> best friend; he/she could make or break you, "Little Tin God" was
>> putting
>> it
>> mildly!
>> VAT in contrast was (and some feel still feel is) a blessing in its
>> utter
>> (comparative) simplicity.
>> I found it a blessing because it MADE me do my accounts quarterly,
>> rather
>> than a mad scramble at the end of the Financial Year!!!
>>
>> Steve M
>>
>> 2010/5/4 Claudia MacPhee
>>
>>> You probably didn't know that Canada also has a VAT tax that we
>>> call the
>>> GST. Originally it was 7%. The party now in power has taken it
>>> down to 5%
>>> (won't go into the reasons etc. and my opinion on it).
>>> As a business you get refunded any GST you pay. HOWEVER, you have to
>>> charge it when you sell retail and remit it to the Government. No
>>> charges
>>> on
>>> wholesale orders. It is a royal BITB. With the Free Trade
>>> Agreement there
>>> is
>>> no duty on ceramic materials crossing the border. Same on finished
>>> goods.
>>> Just the stupid GST.
>>> In the Yukon we have no sales taxes so are better off than most
>>> provinces. Some poor devils have a thing called "harmonized
>>> taxes". They
>>> pay
>>> up to 15% on just about everything they buy. Buy a litre of
>>> yogurt, no
>>> tax.
>>> Buy a small container, pay tax!
>>> If you guys are serious about a revolution this should start one!
>>> We put
>>> up with it because Canadians are pretty peace loving and limit their
>>> protests to complaining.
>>>
>>> Claudia MacPhee Tagish, Yukon
>>> www.paintedbyfire.blogspot.com
>>>
>>> _________________________________________________________________
>>> Videos that have everyone talking! Now also in HD!
>>> http://go.microsoft.com/?linkid=3D9724465
>>>
>>
>>
>>
>> --
>> Steve
>> Bath
>> UK
>> www.mudslinger.me.uk
>>
>> Growing old is inevitable, growing up is optional!
Lee Love on tue 4 may 10
In the beginning of our country, all federal revenue came from
tariffs. Tariffs were the largest source of federal revenue from the
1790s to the eve of World War I,
Might be a good way to go, getting back to the intent of the founders.
How the system is set up now, 2'3rds of corporations pay no
federal taxes. This has shifted to the middle class. Folks who
actually work for a living.
http://money.cnn.com/2008/08/12/news/economy/corporate_taxes/
Most firms pay no income taxes
--
Lee, a Mashiko potter in Minneapolis
http://mashikopots.blogspot.com/
=3D93Observe the wonders as they occur around you. Don't claim them. Feel
the artistry moving through and be silent.=3D94 --Rumi
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