Does Rand Support a VAT Tax?

[TommyJeff]

https://www.lewrockwell.com/lrc-blog/rand-paul-isnt-the-only-one-proposing-a-vat/

Can anyone confirm this? does Rand Paul's tax plan include a VAT Tax? if so, this is very scary and a horrible idea. how can he justify this?

 

[sparebulb]

Anyone who supports a VAT tax can go fuck themselves.

 

[TaftFan]

It seemed to be a limited version. Don't count me as an expert, I don't see where it adds to every level of production.

Personally, I would have left out the business tax and just settled for a higher income tax rate.

 

[TommyJeff]

Anyone who supports a VAT tax can go fuck themselves.

Does Rand?????

 

[TommyJeff]

It seemed to be a limited version. Don't count me as an expert, I don't see where it adds to every level of production.

Personally, I would have left out the business tax and just settled for a higher income tax rate.

Thank you. I will take a closer look at this tax plan. I am not an expert either. Hopefully Rand can explain this possible situation.

But, if there is a 'limited VAT' in this plan(or any plan, talking in more of a theoretical perspective). Couldnt the rates of this 'VAT' be increased at a future date, causing a bigger problem on a tax most people cant 'see'?

 

[r3volution 3.0]

if so, this is very scary and a horrible idea.

Why?

VAT is one of the most efficient forms of taxation.

It eliminates most of the administrative and compliance costs associated with the income tax.

 

[Dr.3D]

So where is the added value?

 

[timosman]

Why?

VAT is one of the most efficient forms of taxation.

It eliminates most of the administrative and compliance costs associated with the income tax.

huh?

 

[Krugminator2]

Why?

VAT is one of the most efficient forms of taxation.

It eliminates most of the administrative and compliance costs associated with the income tax.

A consumption tax is the best tax in virtually every respect. It creates the fewest distortions

His proposal would require a 2/3rd vote to raise it.

The problem with a VAT is that it makes people drool uncontrollably at just the mention of it. Look at how angry people at just the mention of it. He probably should have just proposed a sales tax instead, but a sales tax is hard sale too.

 

[timosman]

So where is the added value?

Nowhere for the consumer. The net result is simply higher tax rate. Think how affordable the affordable health care is,

 

[Dr.3D]

Nowhere for the consumer. The net result is simply higher tax rate. Think how affordable the affordable health care is,

So they call it Value Added just to confuse us like the PATRIOT act confuses.

 

[The Gold Standard]

I guess I'm not voting then. Are you shitting me? I never would have thought he was capable of such a thing. Adding a new tax they can jack the rates up on? They don't take enough of our money?

 

[navy-vet]

So they call it Value Added just to confuse us like the PATRIOT act confuses.

yep, and the Affordable Care Act, and Affirmative Action....
It is a kind of sick little joke too I bet.

 

[Dr.3D]

yep, and the Affordable Care Act, and Affirmative Action....
It is a kind of sick little joke too I bet.

Well, I understand that kind of stupidity started in Europe. I guess those folks want the U.S. to be just like Europe. What a shame they can't let us be the last bastion of liberty left in this world.

 

[Krugminator2]

Well, I understand that kind of stupidity started in Europe. I guess those folks want the U.S. to be just like Europe. What a shame they can't let us be the last bastion of liberty left in this world.

Singapore, Hong Kong, and Switzerland are all far more economically free than the US and spend far less and they all have VATs.

I guess I'm not voting then. Are you shitting me? I never would have thought he was capable of such a thing. Adding a new tax they can jack the rates up on? They don't take enough of our money?

It eliminates payroll taxes and corporate taxes. Why aren't you worried about those taxes being "jacked up."

 

[timosman]

Even wikipedia states VAT is the same as GST:

A value-added tax (VAT) or general sales tax (GST) is a form of consumption tax. From the perspective of the buyer, it is a tax on the purchase price

https://en.wikipedia.org/wiki/Value-added_tax

 

[The Gold Standard]

It eliminates payroll taxes and corporate taxes. Why aren't you worried about those taxes being "jacked up."

It eliminates them for now. They would come back, and we would have a shiny new sales tax to go with them. No thanks.

 

[Krugminator2]

It eliminates them for now. They would come back, and we would have a shiny new sales tax to go with them. No thanks.

Oh obviously, they would come back. We all know how often the federal government raises taxes. Voters love 'em. It is such a frequent occurrence. The last tax hike was 22 years ago and it lead to the first Republican controlled house in 40 years.

The US is ranked 11 in the Heritage Economic Freedom Ranking. ALL 11 countries ahead of the US have VATs.

 

[LatinsforPaul]

https://www.lewrockwell.com/lrc-blog/rand-paul-isnt-the-only-one-proposing-a-vat/

Can anyone confirm this? does Rand Paul's tax plan include a VAT Tax? if so, this is very scary and a horrible idea. how can he justify this?

But with Rand's plan if you raise the corporate tax you also have to raise the personal tax and by 3/5 vote of congress, which makes it much more difficult to raise the rate...

 

[The Gold Standard]

Oh obviously, they would come back. We all know how often the federal government raises taxes. Voters love 'em. It is such a frequent occurrence. The last tax hike was 22 years ago and it lead to the first Republican controlled house in 40 years.

The US is ranked 11 in the Heritage Economic Freedom Ranking. ALL 11 countries ahead of the US have VATs.

Oh, well that's a relief. The Heritage Economic Freedom Ranking means the world to me. Let's have it then! I'm always excited to find new ways I can support my government and make sure they get enough revenue.