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To: Bailee
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

53 posted on 09/30/2011 1:23:18 PM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: MNJohnnie

Sorry food production of cattle was the Simplest form of getting something from raw material to finished product that I could think of.

Very little added to the Process but labor and Shipping.

And taxing just the Final sale is definitely not a Vat Tax.

But we cannot say which method would reduce the tax burden. For that we would need to know how much Profit the Farmer, Butcher, and Grocer made to calculate their current tax burden.


63 posted on 10/01/2011 6:21:47 PM PDT by Bailee
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