Quote:
Originally posted by Giorgio_Xo
Don't forget to add the regular income tax! jesus... you people are fucked in the ass.
Assume a customer makes $100. Income tax rates hover between 30-60% in Europe. You have $50 left... then you pay a VAT of 20% of the $50 you have left which in reality is an additional 10% of total income. That leaves you people $40.
No wonder your economies suck. $5 a gallon gas to boot! I read that almost a third of the Swedish economy is black market unreported underground in a World Bank report.
Is mortgaging your child's future for your current well-being and quality of life worth it? Don't you think it strange that each generation of college graduates in Europe only aspire to ace the government service exams to get a cushy job?
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educate yourself before digging a hole for yourself
VAT is only paid on certain products/services
and if you're a business it's redeemable anyway