Posts Tagged ‘Value Added Tax’


Could We See a Nationwide Sales Tax?

Icon Provided by Joseph Regenstein IV, CMFC on April 12, 2010

How do you pay down an $8 trillion debt? The Obama administration needs an answer, as the non-profit Congressional Budget Office says America’s debt could rise to $20 trillion by 2020. One possible answer has a very European ring to it: a VAT, or value-added tax. What are the chances of Americans paying a national sales tax? And what about an Internet tax? Or an energy tax? Are they also possible?

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