Saturday, April 10, 2010

Yet Another ObaLie
In a series of dozens and dozens

And to think... he's only been president for a year. Tempis fugit when you're having laetitia. From; President Obama’s Economic Recovery Advisory Board Chairman Paul Volcker suggested America should consider imposing a VAT (Value Added Tax). Such a tax would be charged at every level of production for the products we all buy and, in all likelihood, would increase prices for everything. VAT taxes are common in European countries.In other words, get ready for a 10-20% tax increase.
~ A Nokia E63 cell phone costs $160. It will now cost $192.

~ An $842 Whirlpool refrigerator will now cost $1,010.40.

~ The average family of 4 spends $771.10 a month on groceries on a moderate meal plan. That will now be $925.32.

~ It's roughly $2,000 to have decent carpeting installed in a medium sized home. It'll now be $2,400.

~ The best selling car in America, the Toyota Camry, costs $19,595 (base model). It will now cost $23,513.

~ A base model Ford F-150 costs $28,020. It will now cost $33,624.
Remember this?


Blogger Adeodatus49 said...

OK, let's have the VAT, but first abolish the current income tax system.

9:38 AM  

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