[Beagle8U]

The Corp 9% is the VAT part. With no reduction for labor costs or non-US product purchases, it has to all be passed on, with a profit added, to the next company, and the next, and so on. By the time the product gets to the retail customer ALL those taxes plus profit have been stacked up and inflated into the price.

That IS a VAT!

[CSI007]

Wrong.

[Utmost Certainty]

I was only addressing the 9% sales tax component of the plan, which is not a VAT.

You’re already paying a 35% corporate tax + compliance costs (paying tax attorneys, etc.) under the current tax code. 999 drops the corporate rate to 9% AND jettisons all the taxocracy of the current code. Sorry, but that sounds great to me.

[Utmost Certainty]

Oh, and: http://999calculator.net/

Be sure to click the red button near the bottom labeled “IS THE SALES TAX A VAT?”