Monday, November 06, 2006

So, You Think Our Taxes Are Bad - Huh?!?

I can't say anything about property taxes. I honetly don't know if they have them here in India.

But sales tax in the US (in New Jersey - which is what I'm used to) is nothing compared to the taxes here in India. They have the VAT ... Value Added Tax ...

For a meal in the hotel here the VAT is 12.5% ... and that's just on food. Beverages are taxed at 20%.

So, a 150 rupee drink ... which is $3.33 (as of today - 11/6) is taxed at 20% ... adding an additional 30 rupees. The total for a Foster's Lager, then, is $4.00 ... Sheesh!

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