Archived posting to the Leica Users Group, 2009/08/31
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]California has a use tax. It's seldom used. S.d. On Aug 31, 2009, at 5:54 PM, Ken Carney wrote: > Mark, > > That is Value Added Tax, such as you will find in EU countries and > elsewhere. It is like a sales tax, though technically the tax is > "built up" > through various stages of production. The end result to the > consumer is the > same. It is a "regressive" or consumption tax, compared to a tax > on income. > Most countries with a VAT seem to have both. For example, the > income tax > rate in the UK (40% going to 50%) - plus the VAT is a lot of tax. The > income tax rate in the U.S. will probably shortly go to about 40%, > but so > far no VAT. So far. > > Ken > >> -----Original Message----- >> From: lug-bounces+kcarney1=cox.net at leica-users.org [mailto:lug- >> bounces+kcarney1=cox.net at leica-users.org] On Behalf Of Mark Rabiner >> Sent: Monday, August 31, 2009 6:03 PM >> To: Leica Users Group >> Subject: Re: [Leica] Introduction of Leica M9 on 09.09.09 >> >>> Also remember that the Euro price reflects high V.A.T. (which >>> sometimes >> goes >>> up to 20% or more). >> >> >> Jim what the hell is a VAT? >> >> Inquiring Rabiners want to know. >> >> Now would be a good time. >> Better than waiting till the 9th minute of the ninth day of the >> rest of my >> life. >> >> >> Mark William Rabiner >> >> >> >> >> _______________________________________________ >> Leica Users Group. >> See http://leica-users.org/mailman/listinfo/lug for more information > > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information