A value-added tax (VAT) or general sales tax (GST) is a form of consumption tax. From the perspective of the buyer, it is a tax on the purchase price.From that of the seller, it is a tax only on the value added to a product, material or service, from an accounting point of view, by this stage of its manufacture or distribution.he advantage of the VAT system over the sales tax system is that under sales tax, the seller has no incentive to disbelieve a purchaser who says it is not a final user. That is to say the payer of the tax has no incentive to collect the tax.
Abraham Lincoln was commander-in-chief of union forces during the U.S. Civil War. President Lyndon Johnson was known for his rigid control of the military during wartime. A portrait of George Washington, the first president of the United States and commander-in-chief of the US military.
George Washington (February 22, 1732 [ O.S. February 11, 1731] â December 14, 1799) was the first President of the United States (1789â97), the Commander-in-Chief of the Continental Army during the American Revolutionary War, and one of the Founding Fathers of the United States.eorge Washington (February 22, 1732 [ O.S. February 11, 1731] â December 14, 1799) was the first President of the United States (1789â97), the Commander-in-Chief of the Continental Army during the American Revolutionary War, and one of the Founding Fathers of the United States.