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From IVU To IVA In Puerto Rico: Will We Be Able To Eat
He speaks with a forked tongue
Some time ago, the current Governor of Puerto Rico said he would not raise the sales tax which is called IVU. The Governor is Alejandro Javier García Padilla and he is a member of the Popular Democratic Party. That party is aligned quite near the Democrats, whereas the New Progressive Party is aligned to the Republican party.
García Padilla did not tell a lie; he isn't raising the IVU tax. As a matter of fact, his plan is to do away with the IVU tax. The IVU tax amounts to 7% of the total sales amount.
So are you yelling yea, no more tax?
Don't be so quick!
The plan that is about to go into effect is a different tax. It is considered a VAT tax. VAT stands for value added tax, and it will be called IVA. Guess what the new tax percentage will be?
Yep, more than doubling the original tax that you once paid.
So you are needing some coffee....Can you really afford it? Let's look at the new amounts:
Awaken you citizens
Do you realize what this will do?
It is time to stand against this. Yes, Puerto Rico is in terrible financial shape, but using this IVA tax will hurt many people very bad.
As we drive the streets, it is evident of the terrible economic conditions on this island that is a territory of the United States. Many businesses have closed their doors, and there are abandoned houses and buildings everywhere. IVA will accelerate this condition. More businesses will close because citizens will not be able to afford to shop at them.
Crime will become unmanageable as people will find ways to survive even if it is illegal.
There are other avenues the government of Puerto Rico can take to help the economy instead of attacking the welfare of the citizens.
Will we find more white collar officials ending up in this facility?
Spending and Pay Cuts
Instead of the IVA tax, how about these government officials take some pay cuts?
Padilla makes $70,000 a year. There are many of these government officials making outrageous sums of money. If they just gave part of that back, this island would come out of the deficit it is in.
What will probably happen though is: The IVA tax will proceed and officials will vote themselves raises.
So what should the citizens of Puerto Rico do?
The Socialist Party
As Maggie and I were out and about near the Escorial Shopping Center, we were stopped at a light. A member of the Puerto Rican Socialist party handed us a flyer about this development in the Puerto Rico taxes.
I am not, nor will ever be affiliated with the Socialist Party, but what they said in the flyer makes good sense.
We as people need to revert back to how our forefathers operated. Trade and barter. Buy your goods at roadside stands, or trade your services for other services or goods.
We need to keep from paying this tax as much as possible. If the tax isn't making the government money, what will they do?
It is a stand that citizens must take together.
Please, for all of you in Puerto Rico...share this hub and tell people about this. Awareness is the first step in defeating this beast we call government.
They are stepping into bounds they shouldn't. The government is our employees-not vice versa.
The Government of the absolute majority instead of the Government of the people is but the Government of the strongest interests; and when not efficiently checked, it is the most tyrannical and oppressive that can be devised.— John C. Calhoun
What can we put into the hands of people under oppressive regimes to help them? For me, a big part of it is information, knowledge - the ability to defeat propaganda by understanding it.— Jimmy Wales
- Puerto Rico to Debate 16-Percent Value-Added Tax Proposal
SAN JUAN, Puerto Rico—Puerto Rico legislators prepared to hold public hearings on a proposed 16 percent value-added tax after the governor filed a measure Wednesday that revealed more details about efforts to overhaul the U.S. territory’s tax system.
© 2015 Greg Boudonck