Richard Cornelisse

In Uncategorized on 08/01/2013 at 8:48 am

Tax News

Is US introduction of VAT during Obama’s second term still a viable option taken in consideration the arguments used during fiscal cliff discussion that income over $400,000 ($450,000 for couples) should pay extra taxes and not middle class?

“Tax relief is an achievement for families struggling to enter the middle class,” the president trumpeted, shortly after Congress, by sweeping bipartisan margins and after a bruising battle, had lowered taxes for almost all Americans.

“For hard-working lower income families, we have cut the bottom rate of federal income tax from 15 percent to 10 percent. We doubled the per-child tax credit to $1,000 and made it refundable. Tax relief is compassionate, and it is now on the way.” The real fiscal cliff winner? Bush

Congressman Camp position about the viability of VAT introduction in the US  (source Reforming America’s tax code – Ernst & Young T Magazine).

“What is your thinking…

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