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Tipsheet

Value Added Taxes Increase with Time

Garrett Murch
Garrett Murch  |  May 29, 2009 3:36 PM
As the Obama administration and other Democrats are considering imposing a new "value added tax", or VAT, to pay for our soaring Federal deficit and nationalized health care,
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this Americans for Tax Reform chart shows that, in Western Europe, at least, VATs take away more and more of your money over time.
A little tidbit to keep in mind in case the drumbeat for a VAT grows...

VAT Rates Rise Over Time

Source: OECD Tax Database
Country VAT Rate 1976 VAT Rate 2009
USA N/A N/A
U.K. 8% 15%
France 20% 19.6%
Germany 11% 19%
Italy 12% 20%
Sweden 17.7% 25%
Tags: GOVERNMENT SPENDING

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