I wonder ...when something is being made...would it be taked everytime a part is sold and bought...or would people have wholesale (tax exempt) numbers to use until the final product is sold/bought. For instance a house...would the builder have to pay this tax and all the components and then turn around and sell the house + tax?
NO! And dont let them convince you that it is a VAT! AND if they try to roll it over into a VAT I WILL BE THE FIRST to oppose it!
A VAT is like to one they have in Europe where a item is taxed at every level from manufacture to sale. A one dollar item becomes a ten dollar item at the time of sale.
A NATION RETAIL SALES TAX on the other had..is taxed ONE TIME at the cash register..like state sales taxes.
For a long time I opposed this idea..but after being put thru three tax audits which bankrupted my small business, I now am for it. Those three audits cost me in excess of 30 grand in CPA fees alone. And 30 grand is a lot of money for a small business..