Value Added Tax

palmI had a moment yesterday which showed me how I am still thinking European-style. We popped into a Tea Shop to buy a Boba Milk Tea, and I told H that I had the right change for the drink, handing him 25 cents to go with his bills. The price for the small was $3.25. Of course, the price ended up being $3.51 because, as we all know, there is sales tax to add on. (Well, except for those of you in Oregon, Delaware, New Hampshire, Montana and Alaska where there is no sales tax.)

In Europe the VAT (Value Added Tax) is already figured into the price, so the posted price is what you pay. I appreciate that and it has apparently become a habit with me the past year.

Must adjust thinking.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s