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retired benefits major hike
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<blockquote data-quote="bacha29" data-source="post: 5670326" data-attributes="member: 58386"><p>By your own admission your income hasn't exceeded the minimum filing requirements in recent years meaning no federal liability. Now replacing the FIT with a VAT will slap a 23% surcharge onto nearly everything you buy . Now just how will it benefit you when you have no FIT liability to begin with?</p><p></p><p>A VAT would require a degree of voluntary compliance higher than could be reasonably expected. </p><p></p><p>Now over here sits my piano. Now let's say that you came here and bought my piano for let's say $500 and you paid me in paper dollars. Now do you actually think that I would go to the bother of filling out a VAT voucher, stroke a check and mail it in?</p><p></p><p>Whatever benefit a VAT might have means nothing if it can be easily cheated on.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5670326, member: 58386"] By your own admission your income hasn't exceeded the minimum filing requirements in recent years meaning no federal liability. Now replacing the FIT with a VAT will slap a 23% surcharge onto nearly everything you buy . Now just how will it benefit you when you have no FIT liability to begin with? A VAT would require a degree of voluntary compliance higher than could be reasonably expected. Now over here sits my piano. Now let's say that you came here and bought my piano for let's say $500 and you paid me in paper dollars. Now do you actually think that I would go to the bother of filling out a VAT voucher, stroke a check and mail it in? Whatever benefit a VAT might have means nothing if it can be easily cheated on. [/QUOTE]
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