The fist business, the seed grower is taxed> the farmer that purchase the seed is paying tax on the tax the seed grower was taxed (also pays tax on his wheat harvest)> the flour mill that buys wheat from the farmer pays tax on the tax that the farmer paid on the seed growers tax. as well as paying tax an the farmers tax and also pays tax on his flour manufacturing, etc, through six levels. Basically what the spread sheet accounts for.
Yup, you've got it nailed.
Maybe I should redirect Dimples to you for an explanation since he can't understand it at all, poor thing:-)
Just kidding - I wouldn't do that except maybe to Looey.
"Great fleas have little fleas upon their backs to bite 'em,
----- with apologies to Jonathan Swift: Poetry, a Rhapsody
And little fleas have lesser fleas, and so ad infinitum.
And the great fleas themselves, in turn, have greater fleas to go on;
While these again have greater still, and greater still, and so on."
(but in reverse, mebbe???)