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What will the value-added tax (VAT) mean to seniors on fixed income?

May 31, 2010 by  

Dear Bob,
What will the value-added tax (VAT) mean to seniors on fixed income?

A: The cost of everything you buy will go up, meaning you will have to stretch your income further to make ends meet. The VAT will be a drag on the economy and will affect everyone, particularly people with low or fixed incomes.

Best Wishes,
Bob

Bob Livingston

is an ultra-conservative American who has been writing a newsletter since 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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  • Richard P Johnson

    Is this value added tax already signed into law? If not, what can we do to stop it short of “voting the bums out” in November, 2010?
    Thank you,
    Sincerely,
    Rich Johnson
    Quincy, IL
    Newly signed up member of the Quincy Tea Party

  • http://www.bridgestorecovery.com/staff/ Bridges To Recovery

    Our president is throwing away his much needed time right now moving for healthcare bill change to elderly. He ought to hold off until after the seniors receive their $250 check, explaining to them the check is coming soon doesn’t settle it.

  • http://none Richard Eline

    Why not find another way to finally do what the Democrats have wanted for years, make Grnadpa and Grandma get creative with what little the US Governent gives them anyway. But even with responsible saving the government always gets jealous, and we keep electing these people.

  • Dr Jay Park

    Dear Bob & others,

    A VAT would be bad, but replacing the Income Tax (repealing 16th Amendment) with a spending tax on everything would be very fair. All people would pay and the poorer would pay some tax for their needs while the more affluent would spend for extras and investments like buildings and other capital equipment. With no exceptions, nobody would not pay taxes, but they would only pay for what they spend. Under this Fair Tax, which is before Congress since 1995, there are no other Federal taxes or deductions like Social Security, FICA, death taxes, gains taxes, etc and no way to get out of paying them.

  • http://zbiddyreview.com Zbiddy Reviews

    (plus it makes them run back into their bunkers)

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