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To: Brookhaven
"Bachmann attempted to paint the 9% corporate income tax in Cain’s 999 plan as a VAT "

For clarity: She wasn't talking about the 9% corporate tax as a VAT. She was talking about the 9% sales tax as being a VAT.

16 posted on 10/19/2011 8:32:15 AM PDT by avacado
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To: avacado

Right, and while it’s not a true VAT, the other candidates were teeing off on it by scaring people they will be seeing a 9% sales tax on everything.

That’s a valid point, except he eliminates and lowers other taxes, and you don’t pay the 9% on everything.


21 posted on 10/19/2011 8:36:00 AM PDT by Williams (Honey Badger Don't Care)
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To: avacado
For clarity: She wasn't talking about the 9% corporate tax as a VAT. She was talking about the 9% sales tax as being a VAT.

No, she was talking about the 9% corporate tax.

There was a paper issued by the CATO institute a couple of days ago that made the same argument. That's where Bachmann got the talking point from. It also made the same omission Bachmann did. It never mentioned the current 15.3% payroll tax.

22 posted on 10/19/2011 8:37:39 AM PDT by Brookhaven (I oppose an electric border fence, because it might kill the alligators in the moat)
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