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To: CharlesWayneCT

“You should tell that to Cain’s scoring team, who said this about the business tax...If Herman Cain’s own web site calls it a value added tax, why are you arguing with him?”

Debate is circling around whether 9-9-9 proposes a *new* VAT tax. We already have a corporate tax, in case you didn’t notice.


100 posted on 10/20/2011 11:46:56 AM PDT by Tublecane
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To: Tublecane

There is a corporate income tax. The debate is whether Cain replaces the corporate income tax with a subtractive value-added tax. There isn’t a lot of difference between income and “value add”, except in what things you can deduct. Cain removes most deductions, but not certain capital depreciation deductions. But he does tax labor charges, which the corporate income tax doesn’t do.

I don’t think anybody who knows what they are talking about would confuse a sales tax with a value added tax.


102 posted on 10/20/2011 1:58:32 PM PDT by CharlesWayneCT
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