Trouble, oh we got Trouble,
Right here in River City!
With a capital "T"
That rhymes with "V"
And that stands for VAT,
That stands for Value Added Tax.
We've surely got trouble!
Right here in River City,
Right here!
Gotta figger out a way
To keep the young ones from paying more taxes after school! Trouble, trouble, trouble, trouble, trouble...
New U.S. National Healthcare Value Added Tax - VAT
Time: 04:59
You ain't seen nothing yet ...The Obama Bait and Switch!
With the passage of Obamacare, creating a vastly unfunded new middle-class entitlement, a national sales tax of the kind near-universal in Europe is inevitable. All of the European Union have funded benefits programs with huge VAT: Germany: 19 percent. France and Italy: 20 percent. Scandinavia: 25 percent. As the ultimate cash cow, Obamacare will need a VAT tax too.
Know how VAT works? - "Value-Added Tax"?
It's easy to understand. Do you buy eggs? The farmer buys hens + VAT, grain feed + VAT, drinking water + VAT, egg cartons + VAT, transport to market + VAT, wholesale mark-up price + VAT and grocer selling price + VAT. Every time an item is added, it is "value-added" and a VAT is accessed.
In this egg example, seven VATs were added to the average cost of a carton of eggs @$1.69/doz. could add upwards to 25% combined VAT to $2.10/doz.
Your VAT Sales tax is plus local and state sales tax you pay too!
