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VAT, or Value Added Tax, is a tax levied on the sale of goods and services. The difference from conventional sales tax is that every business pays it, and it is calculated as a fraction of the value added by a business to its products. The VAT was invented because very high sales taxes and tariffs encourage cheating and smuggling. The VAT is common in countries of the European Union.

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East Farmingdale, New York

... population is spread out with 26.0% under the age of 18, 9.4% from 18 to 24, 34.6% from 25 to 44, 19.4% from 45 to 64, and 10.6% who are 65 years of age or older. Th ...

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