Posted on 10/18/2011 2:52:12 PM PDT by Def Conservative
Yup. The end user ultimately pays all costs, including taxes.
Screw you, surrender monkey RomneyBot!
BUMP
IIRC VAT’s under WTO rules can be rebated. This is another potential advantage.
It means a resetting of taxes worldwide unless they want to transfer their wealth to the US.
First they were calling the retail sales tax portion a VAT. That died down when people started educating themselves on what a VAT actually was.
Now their trying to call the 9% corporate income tax a VAT. I think that will die down when people start to compare it to the current 35% corporate income tax.
After all, if you're going to call Cain's 9% corporate income tax a VAT, what do you call the current 35% corporate income tax?
There isn't a VAT in the plan, and saying the 9% corporate income tax works like a VAT is not a valid criticism. Heck, I pointed out a while back that the current 35% corporate income tax works like a VAT, but for some reason you don't hear Michele Bachmann screaming about that.
First they were calling the retail sales tax portion a VAT. That died down when people started educating themselves on what a VAT actually was.
Now their trying to call the 9% corporate income tax a VAT. I think that will die down when people start to compare it to the current 35% corporate income tax.
After all, if you're going to call Cain's 9% corporate income tax a VAT, what do you call the current 35% corporate income tax?
There isn't a VAT in the plan, and saying the 9% corporate income tax works like a VAT is not a valid criticism. Heck, I pointed out a while back that the current 35% corporate income tax works like a VAT, but for some reason you don't hear Michele Bachmann screaming about that.
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