Re:One million cancel broadband as living costs rise (UK)
by Goz3rr on Thursday May 18, 2023 @02:09PM
(#35991852)
listed prices include VAT pretty much everywhere I've been to in the world, other than the US. If something says it costs €1 or £1 then you're paying €1 or £1 for it at the checkout.
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Re:One million cancel broadband as living costs rise (UK)
by koolba on Thursday May 18, 2023 @03:26PM
(#35992839)
If the tax is included in the price, then you’re get less than $1 of the good or service as it’s already baked into that price.
For example with a 20% VAT, a $1 priced item is really an $.83 item, and to pay for it at a 45% tax bracket would require $1.81 of income.
The numbers themselves are meaningless. Only the total ratio of income required to goods received is important, and it remains unchanged.