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Old 04-08-2010, 04:42 AM   #32
TZids16I

Join Date
Oct 2005
Posts
448
Senior Member
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The only difference between a flat tax and the VAT is in where it's collected and possibly the treatment of already-existent capital (the VAT expropriates those who already have large sums of money relative to the flat tax). The incentive effects are identical.

Jesus ****ing christ.
I don't think you have this right.
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