Re: Currency and Seigniorage

"Michael S. Schiffer" <[EMAIL PROTECTED]> writes:

> Steinn Sigurdsson <[EMAIL PROTECTED]> wrote in
> news:[EMAIL PROTECTED]: 
> >...
> > Is VAT cross EU normalized now?  It is supposed to be moving
> > that way. 'Course in the US sales taxes are partially normalised
> > since they are combinations of federal and state sales taxes, so
> > fractional disparaties tend to be small.

> "Federal sales taxes"?  In the US?  There are some federal taxes on 
> specific goods or services which are functionally sales taxes 
> though not framed that way (surcharges on airline tickets and 
> telecommunications come to mind, as well as the federal gasoline 
> tax).  But unless I've been missing something, there's no general 
> federal sales tax.

Duh, my bad. 
Don't know why I thought there was general fed sales tax
underlying the state sales tax. General brain fart I guess.