Re:“I’m in the US – what if I just ignore the EU VAT changes?”
by Nitramp on Thursday December 18, 2014 @10:39AM
(#8767728)
That's the VAT tax, comparable to the sales tax in the US, so this compares as 24% vs ~6% or so in most of the US. Income tax is separate from that, and depends on country to, but seems to work out to quite similar percentages, at least between Germany and the US.
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Re:“I’m in the US – what if I just ignore the EU VAT changes?”
by dllthomas on Thursday December 18, 2014 @02:07PM
(#8769031)
http://en.wikipedia.org/wiki/Value-added_tax#Comparison_with...
VAT taxes sale, but it's not the same as a "sales tax". The rates don't mean the same thing, and it doesn't make sense to compare them directly without taking that into consideration.