Thread: 20% vat
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Old 28-12-2010, 16:36   #15
shakermaker
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Re: 20% vat

The sad thing is, some people are fooled into thinking that this is a fair tax because everyone is subjected to VAT on items consumed. However, the richest 10% spend £1 in every £25 of their income on VAT, while the poorest 10% spend £1 in £7.
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