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Ted Cruz Wants To Raise Taxes On Your Grandma
Fortune.com ^ | February 2, 2016 | Chris "The Thrill" Matthews

Posted on 02/08/2016 7:00:17 PM PST by kiryandil

click here to read article


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To: Nifster

Cruz is NOT proposing a VAT tax. That is an outright lie.


61 posted on 02/08/2016 7:37:27 PM PST by John Valentine (Deep in the Heart of Texas)
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To: kiryandil

The primary impact of replacing the income tax with a VAT-style sales tax is to capture all the underground and illegal income.

Characterizing it as ‘taxing Grandma’ is nothing but class warfare (consider the source here) and while there is a challenge with respect to retirees, I’m sure it can be worked through.

I’m in the Trump camp, and I like his plan, but this is one area where I like the Forbes/Cruz plan better.


62 posted on 02/08/2016 7:37:30 PM PST by No.6
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To: UnwashedPeasant
Ted Cruz's and Rand Paul's Strange Embrace of the VAT
National Review, November, 2015
http://www.nationalreview.com/article/426469/ted-cruz-rand-paul-vat

Apparently, National Review thinks it's a VAT. They had another article on the same thing a few days later.

63 posted on 02/08/2016 7:38:01 PM PST by kiryandil ("When Muslims in the White House are outlawed, only Barack Obama will be an outlaw")
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To: kiryandil

Still waiting to learn how a flat tax is a VAT...


64 posted on 02/08/2016 7:39:26 PM PST by Dead Corpse (A Psalm in napalm...)
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To: UnwashedPeasant
Apparently, "economists" are calling the Cruz flat business tax [16%?] a "VAT".

It kind of makes sense, because businesses don't pay taxes - their customers pay the tax.

65 posted on 02/08/2016 7:39:32 PM PST by kiryandil ("When Muslims in the White House are outlawed, only Barack Obama will be an outlaw")
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To: Leto

So... Not a VAT...


66 posted on 02/08/2016 7:40:49 PM PST by Dead Corpse (A Psalm in napalm...)
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To: kiryandil

.
This is a story for fools.

There is nothing accurate anywhere in this screed.
.


67 posted on 02/08/2016 7:41:12 PM PST by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: Georgia Girl 2

So cutting business taxes from 35% to 16, ending capital gains taxes, etc... Not to mention a whole host of others... Is a bad thing?

In what alternate reality?


68 posted on 02/08/2016 7:42:28 PM PST by Dead Corpse (A Psalm in napalm...)
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To: Milhous; onona
Your photo doesn't appear on my screen most likely due to my browser's noscript/adblock settings or something.

Thanks. You solved a small mystery for me.

I think it's April Ludgate slapping some guy.

Thank you for introducing me to that fiery wench, April Ludgate, whom I did not know existed before tonight, onona.

69 posted on 02/08/2016 7:42:36 PM PST by kiryandil ("When Muslims in the White House are outlawed, only Barack Obama will be an outlaw")
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To: Washi

VAT is a job killer and doesn’t work at all. Look at Europe, to see what having a VAT and an income tax looks like.


70 posted on 02/08/2016 7:43:00 PM PST by nopardons
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To: Dead Corpse
Apparently, "economists" are calling the Cruz flat business tax [16%?] a "VAT".

It kind of makes sense, because businesses don't pay taxes - their customers pay the tax.

71 posted on 02/08/2016 7:43:30 PM PST by kiryandil ("When Muslims in the White House are outlawed, only Barack Obama will be an outlaw")
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To: Paladin2

.
No VAT is proposed.


72 posted on 02/08/2016 7:43:36 PM PST by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: blueplum

Currently employers pay ~7.5% in FIca and SS taxes
++++++++++++++++++++++++
You raise a good point. In addition to the impact of VAT affecting retired seniors, I’m interested in learning what Cruz’ plan is to fund the employer’s-share of payroll taxes.
_______________________________________________________

Cruz is using the 10% individual flat tax and the 16% business tax to replace all the federal and FiCA taxes. That is the point. I personally prefer the pure flat tax, but this plan is far stronger than most.

Detail here

https://www.tedcruz.org/tax_plan/


73 posted on 02/08/2016 7:44:29 PM PST by Leto
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To: kiryandil
Put watching Parks and Recreation on your bucket list.

It's great fun :)

74 posted on 02/08/2016 7:44:36 PM PST by onona (Where are you tonight, my sweet Marie)
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To: onona

oh, wait.......


75 posted on 02/08/2016 7:45:27 PM PST by onona (Where are you tonight, my sweet Marie)
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To: kiryandil

So. Is the current tax on businesses a VAT? If not, what is the difference that defines one as a business tax and the other a VAT. Please be specific...


76 posted on 02/08/2016 7:45:49 PM PST by Dead Corpse (A Psalm in napalm...)
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To: John Valentine
Ted Cruz's and Rand Paul's Strange Embrace of the VAT
National Review, November, 2015
http://www.nationalreview.com/article/426469/ted-cruz-rand-paul-vat

Apparently, National Review thinks it's a VAT. They had another article on the same thing a few days later.

Apparently, "economists" are calling the Cruz flat business tax [16%?] a "VAT".

It kind of makes sense, because businesses don't pay taxes - their customers pay the tax.

77 posted on 02/08/2016 7:46:09 PM PST by kiryandil ("When Muslims in the White House are outlawed, only Barack Obama will be an outlaw")
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To: nopardons
Oh yeah...like Cruzers post every single anti-Trump article they can find, from Slate to Salon, to the HuffPo, and on to blogs NOBODY has EVER heard of, many times over, 24/7!

Yep, neither side has a monopoly on questionable tactics (or hyperbole) here on FR. Doesn't make it right.

78 posted on 02/08/2016 7:46:45 PM PST by Washi (All lives matter, or none do.)
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To: Dead Corpse
Ted Cruz's and Rand Paul's Strange Embrace of the VAT
National Review, November, 2015
http://www.nationalreview.com/article/426469/ted-cruz-rand-paul-vat

Apparently, National Review thinks it's a VAT. They had another article on the same thing a few days later.

Apparently, "economists" are calling the Cruz flat business tax [16%?] a "VAT".

It kind of makes sense, because businesses don't pay taxes - their customers pay the tax.

79 posted on 02/08/2016 7:46:47 PM PST by kiryandil ("When Muslims in the White House are outlawed, only Barack Obama will be an outlaw")
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To: kiryandil

They can call it a doughnut, it doesn’t make it one.

A VAT is a tax on each stage of production. Hence the name; value added.

How is a tax on gross receipts, minus fica/etc, the same?

Answer: it isn’t.


80 posted on 02/08/2016 7:47:35 PM PST by Dead Corpse (A Psalm in napalm...)
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