Thread: GM bankruptcy.
View Single Post
  #15  
Old 05-30-2009, 08:12 AM
Steve1968LS2's Avatar
Steve1968LS2 Steve1968LS2 is offline
Moderator
 
Join Date: Feb 2005
Location: Anaheim Hills, CA
Posts: 5,534
Thanks: 0
Thanked 4 Times in 2 Posts
Default

Quote:
Originally Posted by Hulley View Post
Anybody heard about the 25% VAT tax proposal to pay for the socialized health care? EVERYTHING will rise 25%, food, clothing, cars, etc.etc. VAT = value added TAX, just like the europeans! If I wanted to be like the europeans I would've moved there. BTW you'll still have to pay your state sales tax on top of the VAT tax. Nice huh?
Woops.. missed your post..

Yea.. and the fun part is that since a VAT tax hurts "the poor" they will set up a deal where those "poor" that don't pay ANY income tax will get a tax credit to help offset the costs to them for a VAT tax.

So those of us that work will pay our VAT tax AND thier VAT tax.

But we should stay on the GM topic. I also heard that they've been directed to kill the Hummer brand.
__________________
"A ship in port is safe, but that's not what ships are built for."

See Bad Penny run the cones: https://www.youtube.com/watch?v=8GUPPIX-92U

1971 Chevelle Wagon - Roadster Shop Chassis ProCharged Shafiroff LS and lots of yada yada

1968 Camaro - Project Track Rat - 440 RHS LS
Reply With Quote