Any telecommuting fpDevelopers watching this?

[CDAY]

Fairlight wrote:
> Yo, homey, in case you don' be listenin', CDAY done said:
> 
>>Could be as in England where there is no sales tax -- only the 17.5% 
>>VAT, plus income taxes!
> 
> 
> That's precisely what they're considering--a Federal VAT.  I was unclear
> when I said federal "sales" tax, as that's only a subset--it would apply to
> services as well.  The numbers in the article were listed as 10-14%,
> ranging up to 24%, making it a total of 30% after state sales taxes.
> 
> mark->

If done as there, with the taxes included in the displayed retail price 
people would forget about it after a while.

So, the $149.95 price tag on a 20" Chinese TV set would be replaced by a 
tag of $181.20 (at 14% VAT with 6% state sales tax on top the item and 
vat). The sale receipt would show only the price paid -- no tax 
breakdown.  The retailer would have to do all the tax breakout and 
payment just as now.

Charles Day