[Bailee]

for the Sake of clarity can we do some math on this 9-9-9 tax.

Farmer Sells 1000$ worth of cattle to Butcher. Is 9% added.

Butcher converts 1000$ worth of Cattle into 1500$ worth of Meat and sell to Grocer. is 9% added.

Grocer Sell 1500$ worth of Meat to Consumer for 2000%. Is 9% added.

OR in other words

1000$ of cattle at 9% tax is 90$ ?
1500$ of Meat at 9% tax is 135$ ?
2000$ of Groceries at 9% tax is 180$ ?

How much tax is collected. 405$ ??

[CynicalBear]

Didn’t you just describe the VAT and not the 999? I think the 999 tax is only on the end product.

[MNJohnnie]

9-9-9 would not tax any of that because food is exempt. But if it were not, it would only tax the groceries. The final sale, not each step of production.

Right now those items ARE taxes at the current 35% Business tax rate since each business has to pay it taxes out of profits generated in each sale. SO 9-9-9 would actually reduce the tax burden on these items