Re:EU to mandate public salary information for all job posti...
by pedrosorio on Wednesday February 23, 2022 @11:49AM
(#30443085)
> so total sales tax is 8%
GP was comparing to European Union by stating sales tax in the US "generally ends up being about 18-20%, which is in-line with VAT in most Euro countries"
Most countries in the EU have 20%+ VAT indeed [0], however the average combined sales tax in the US is 7% [1] - a third of that.
GP was comparing to European Union by stating sales tax in the US "generally ends up being about 18-20%, which is in-line with VAT in most Euro countries"
Most countries in the EU have 20%+ VAT indeed [0], however the average combined sales tax in the US is 7% [1] - a third of that.
[0] https://taxfoundation.org/value-added-tax-2021-vat-rates-in-...
[1] https://www.aarp.org/money/taxes/info-2020/state-sales-tax-r...