You forgot...unless they are consumed by the business in the course of normal business operation.
Businesses pay sales tax on what they consume. Ask your accountant if they can buy pencils and toner at Staples without paying sales tax. Ask your plumber if he paid sales tax on his work truck.
(I’m gratified that those who oppose Cain the most strongly are such economic idiots. Yes, there is plenty to debate in any major new tax plan. But you don’t need to make stuff up to debate it.)
“Businesses pay sales tax on what they consume. Ask your accountant if they can buy pencils and toner at Staples without paying sales tax. Ask your plumber if he paid sales tax on his work truck.
(I’m gratified that those who oppose Cain the most strongly are such economic idiots. Yes, there is plenty to debate in any major new tax plan. But you don’t need to make stuff up to debate it.)”
Exactly, Beelzububba. I’m convinced after reading this threat that the people here are, for the most part, not interested in trying to understand the plan in the least.
The arguments they make are the same unfounded arguments that people have levied against the Fair Tax for years.
The goal for many here is to ridicule the plan and Cain, in an very Alinsky way I might add, in thinking that it will build up their candidate. We see how well that worked for Ron Paul followers.
I hope the folks here who seriously want to understand the plan are able to wade through the garbage and lies that are in half the posts on this thread.