More new taxes for the poor. Obamama has now suggested a federal value added tax. This would be on top of all the other taxes we pay. Whether it be your income tax, sales tax, fuel tax or what ever. There's so many different types of taxes already. Do you understand a value added tax? I'll try and splain it in my most simplest way. Let's just say I manufactured widgets. With the federal value added tax here's how it would work. I would buy some screws and get taxed by the supplier for their purchase, then some wood and get taxed for that purchase, Then some stain and be taxed by the supplier again. his goes on and on for all the materials. Each and every part that goes into my widget. This will substantially increase the cost of my product to the consumer. What??? Did you think I was going to absorb all that additional expense? Hell no, I'm going to pass it on to you, the poor assed people who voted for Obamama for the CHANGE
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