Comment by piker
4 hours ago
That’s right if the quote is net of income tax, but that wasn’t clear. While we’re on the subject we should include the 20% VAT (delta 5-10% sales tax in the states) which is the most regressive tax on the poor there is.
4 hours ago
That’s right if the quote is net of income tax, but that wasn’t clear. While we’re on the subject we should include the 20% VAT (delta 5-10% sales tax in the states) which is the most regressive tax on the poor there is.
No vat on the majority of spending - from rent to food.
But buy a £50k Rolex and yes there is vat.
Roughly the same with sales tax, it's just 1/3rd of that number.
> But buy a £50k Rolex and yes there is vat.
This is wildly ignorant of how less fortunate people live. They are hit with VAT on many daily expenses. Ignoring that fact and "tsk tsk"ing them for being frivolous is the [British] way.
> the European way
There we go, the European monolith strikes again. Because the UK and Germany and Spain and Italy and Poland and Finland and and and are just so alike.
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