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If I understand it correctly,

You got it mostly right. The VAT is indeed a tax that is placed in the production stream of a product and is applied at every stage whenever "value" is "added" from one stage to the next.

Corporate taxes are not VAT's in that sense, but every corporation has tax expenses such as corporate taxes, payroll taxes, or other overhead and make up for those expenses in the cost of their product. These are embedded taxes in the same sense that a VAT is an embedded tax.

The current estimate of those embedded taxes are 22%. If corporate taxes are reduced to a 9% flat rate and payroll taxes are eliminated, the dollar amount of embedded taxes in the product cost will go down. Smart businessmen that wish to gain short-term and possibly long-term market share will reduce the cost of their product in response.

You then have the 9% sales tax which kicks in at final point of sale. If you do an apples to apples comparison of these factors, the taxpayer makes out better AND the businessman makes out better.

Couple that with a LOWER 9% flat tax and an elimination of the current tax code and the taxpayer, again, makes out better, and the country makes out better without the personal cost of filing taxes and the governmental costs associated with our current tax code.

The big loser is Fed Gov, and not with revenue, but with loss of POWER.

Student Loans = another Tier of the Federal Bank

Who says the Government can’t figure out ways to make money other that tax collection.

Very well said, EoL