>I'm not the last in the chain since I add VAT to my invoices. Although for some things I am the last in the chain - depends what I use it for. If it is to generate income (eg computer, software) I'm not the last in the chain. If not to generate income, I am. And in certain circumstances I'm partially the last one in the chain since I use only part of it to generate income
>
>
>Oh but there are people playing around with VAT as well
>
>There's a difference between income tax and VAT
>Income tax is on the income. Every one likes to play around a bit. I try too - not that I can do a lot.
>Income tax (for persons) was for the income of 2007 as follows in Belgium
>25% - from 0 to EUR 7420
>30% - from 7420 to 10570
>40% - from 10570 to 17610
>45% - from 17610 to 32270
>50% - anything above 32270
>
>So if an income is eg 11000
>then
>1855 = 7420 * 25%
>945 = (10570 - 7420) * 30%
>172 = (11000 - 10570) * 40 %
>-------
>2972 (minus a couple of things)
>
>So the higher the income the higher you are taxed

Something one could not value high enough. But normaly as higher the income is, the higher is the chance to play around. (We have had a millionaire that was after all tax reducing steps so poor that he asked for was given a voucher to get a social home)

>VAT on the other hand is the same percentage on the sales price. It does not take your income into account - rich or poor they all pay the same - if they buy of course.

But if you by more you pay more.