Quote:
Originally Posted by Kizzy
Have I to mention the royal mail sell off fiasco? How are we to make money if we have nothing .. and we keep lowering taxes... how do we make money?
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Re the lowering of taxes, a handful of US states don't have any personal income tax, and they have budget surpluses. Offhand I think they are Nevada, South Dakota, Wyoming, and Florida (which might have been affected by the hurricane).
People have more money in their pockets, so it gets spent (VAT gets paid), and it goes to businesses, who pay business tax.